PITTSBURGH Investor Carl
Icahn has further reduced his stake in Commercial Metals Co.,
more than a year after making an unsuccessful bid to acquire
the steelmaker, according to a U.S. Securities and Exchange
Commission filing Thursday.
Icahn holds approximately 7.2
million shares, or about 6.2 percent of the Irving, Texas-based
steelmaker, down from 6.9 percent in August and 9.98 percent
amm.com, Aug. 17).
Icahn had tried to secure a controlling stake in CMC, and
after the attempt failed he said he no longer wanted to remain
a minority shareholder in the company (
amm.com, Jan. 11, 2012).