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Icahn Adds New Stake in Conduent, Exits Allergan and Nuance

  • Billionaire activist discloses investment changes in filing
  • Investor raised holdings of Navistar, Herbalife, 13F shows
Carl Icahn.

Carl Icahn.

Photographer: Scott Eells/Bloomberg
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Billionaire investor Carl Icahn acquired a new 9.7 percent stake in business services provider Conduent Inc. in the first quarter and sold out of pharmaceutical giant Allergan Plc. and speech technology group Nuance Communications Inc.

Icahn raised his stake in truck-maker Navistar International Corp., according to a regulatory filing Monday. The changes also reflected the takeover of Federal-Mogul Holdings by his publicly traded company Icahn Enterprises LP.