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UPDATE 1-Icahn bought 6.3 mln Amylin shares in Q1 - filing

Fri May 16, 2008 1:09pm EDT
 
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 WASHINGTON, May 16 (Reuters) - Investor Carl Icahn bought
6.3 million shares of Amylin Pharmaceuticals Inc (AMLN.O: Quote, Profile, Research, Stock Buzz) in
the first quarter of 2008 and also boosted his stake in Biogen
Idec Inc (BIIB.O: Quote, Profile, Research, Stock Buzz) during that time period, according to
documents Icahn filed with the U.S. Securities and Exchange
Commission.
 Icahn held 9.9 million shares of Biogen on March 31, up
from 8.3 million shares on Dec. 31, according to the filing.
 The billionaire investor is seeking to nominate three
directors to Biogen's board of directors in a proxy fight that
Biogen says is aimed at forcing a sale of the Cambridge,
Massachusetts-based company. Biogen put itself up for sale in
October but ended the auction in December after failing to
attract bidders.
 Icahn did not own any shares of Amylin at the end of 2007.
Both Amylin and Biogen are biotechnology companies.
 Amylin shares were up 68 cents or more than 2 percent at
$31.32 in midday trading on Nasdaq, after trading as high as
$32.78 earlier. Biogen shares were up 16 cents to $63.06.
 The quarterly filing showing Icahn's holdings at the end of
the first quarter was posted on the Internet at:
here
 (Reporting by Julie Vorman, editing by Dave Zimmerman)


 

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