Icahn Discloses U.S. Probe into Sale of Manitowoc Shares

(Reuters) Federal prosecutors in Manhattan asked billionaire investor Carl Icahn’s company for information about trades in crane maker Manitowoc, Icahn Enterprises disclosed in a regulatory filing on Thursday, in its first acknowledgement of such a probe. Icahn Enterprises said it received a subpoena after critics questioned the timing of Manitowoc stock sales Icahn, who briefly served as an unpaid adviser to U.S. President Donald Trump, made before his administration announced steep steel tariffs in March 2018. Questions had swirled about whether the sales were prompted by inside information about Trump’s plans.

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