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Activist investor Carl Icahn sells nearly a third of his Occidental Petroleum stake

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo(Reuters) – Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s (OXY.N) board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third, according to an open letter to shareholders he released Friday. Icahn sold 10 million shares and now holds 23 million shares, valued around $900 million, he said. He had owned a $1.6 billion stake in Occidental as of May 30. Reporting by Jennifer Hiller, Editing by Franklin PaulOur Standards:The Thomson Reuters Trust Principles.

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