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Daily dose of BEA? Icahn raises stake--again
Billionaire investor Carl Icahn boosts his stake to the business software maker to just over 13 percent, increasing the pressure on BEA to put itself on the sales block.
Just yesterday, billionaire investor Carl Icahn pushed his stake in BEA Systems into the double digits to slightly more than 11 percent. And today, he's raising his stake in the company again. This time, Icahn's boosting it to 13.2 percent.
Based on BEA's proxy last year, Icahn's investment would make him and his affiliates the second largest stakeholders in the company, after FMR and its wholly owned subsidiary Fidelity Management & Research, which held a 14.1 percent stake last year.
Although Icahn's bigger stake increases the pressure on BEA to consider his proposal for the company to put itself on the sales block, whether he'll be able to convince other institutional investors sitting at the gold table to side with him has yet to be seen.
