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Icahn Said to Near Purchase of Harbinger Iron-Mine Stake

Billionaire investor Carl Icahn is nearing agreement to buy a stake in a closely held Brazilian iron ore mining company from Phil Falcone’s Harbinger Capital Partners LLC, according to four people familiar with the talks.

Icahn is seeking to buy 14.9 percent of Ferrous Resources Ltd., three of the people said, asking not to be identified because the discussions are confidential. He intends to pay $1.50 a share, partly in cash, which values the stake at about $180 million, one of the people said.