Icahn Sells Stake in Hain Celestial
Published September 16, 2013
Just days after he ended his quest to buyout Dell Computer, billionaire investor Carl Icahn has sold off his remaining interest in Hain Celestial, the company behind several organic and natural food business from foods to beverages to personal care.
The Hain Celestial Group, Inc. reported on Sept. 12 that it had been informed of the sale of Hain Celestial common stock (3,589,963 shares) by entities related to Icahn to Jefferies LLC, the underwriter in the registered public offering of those shares. According to a release from Hain, Icahn and the entities related to Icahn will no longer own any shares of common stock of Hain, and Hain will not receive any proceeds from the offering.
Icahn, who had once been the largest shareholder of the firm, began buying shares in 2010. Part of his share was shed earlier in September.
Hain Celestial, which recorded slae sof $110 million for personal care and corporate sales of$1.3 billion for the fiscal year ended June 30, 2012, is parent to Alba Botanica, Jason, Queen Helene and other several personal carebrands. It was ranked No. 50 in HAPPI’s 2013 Top 50 Report, which was published in July.
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