Icahn buys even more Hain
Gadfly investor Carl Icahn inched closer to a 15 percent stake in Melville-based Hain Celestial Group with a $1.4 million Friday purchase, Securities and Exchange Commission records show.
Icahn hasn't yet tipped his hand as to his intentions regarding the organic and natural foods maker, which he has said was undervalued.
In the past, a major investment by Icahn in a company has led to a sale or major management changes.
Friday's buy, the latest of a series of his recent big purchases of Hain, brought Icahn nearly 60,000 shares at $23.45 each.
He now has 14.58 percent of the natural and organic foods maker.
The company in July disclosed that it made a deal with Icahn — his support for Hain's new slate of directors in exchange for Hain creating two new board seats for Icahn, including one for his son Brett.
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