Thursday, August 14, 2008

CNBC: Carl Icahn Buys Anadarko ( APC ) & Biogen ( BIIB )

CNBC is reporting that Carl Icahn increased his position in Biogen Idec ( BIIB ) and added to Anadarko Petroleum ( APC ). I'm pretty sure he also added Yahoo ( YHOO ).

Carl Icahn sold most of Time Warner holdings but has around 1.7 million shares left.

Anadarko Petroleum ( APC ) has 625,000 acres in the Marcellus Shale play as well as a position in the Haynesville shale in their East Texas area.