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Icahn’s Funds Sell CIT Stake, Cut Yahoo Holdings, Filing Shows

Bloomberg – Billionaire Carl Icahn disclosed that his hedge-fund group sold its 4.9 percent stake in New York- based CIT Group Inc. and cut its holdings in Yahoo! Inc. by more than half.

Icahn Capital LP listed no CIT holdings as of March 31 in a Form 13F filed today with the U.S. Securities and Exchange Commission. The White Plains, New York, money-management company held 9.7 million shares of CIT at the end of last year.

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