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One possibility: he didn’t care about buying the stock, but instead wanted to get paid for making the transaction happen. So he buys at 60 knowing he’s already
by likpok 7y ago
One possibility: he didn’t care about buying the stock, but instead wanted to get paid for making the transaction happen.
So he buys at 60 knowing he’s already sold at 70. Whereas Icahn sells at 60 because he can sell today rather than at whatever price it will be in 6 months.
- tanderson92 7y agoExactly. And as for why Icahn wants to sell -- well, he's a pre-IPO investor and might not want to stick around to settle for a public market price in 6 months when there is also possibly demand for Uber shares.