Icahn stocks up on shares of Hain Celestial
Carl Icahn
Activist investor Carl Icahn continued to add to his ownership stake in Melville-based Hain Celestial Group with three new purchases totaling 150,000.
He now owns 14.31 percent of the natural foods company with 6.1 million shares.
Monday he bought 69,900 shares, at $23.72. That followed his purchases of 75,000 shares on Sept. 10 at $23.90; and 4,700 shares Sept. 9 at $24.33.
Hain shares this week have closed at a steady price of just under $24.
Icahn has said he believes Hain's shares are undervalued. Hain in July disclosed that it made a deal with Icahn -- his support for the company'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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