CALGARY, Alberta Oct 28 Activist investor Carl
Icahn increased his stake in struggling Canadian oil producer
Talisman Energy Inc to 6.96 percent on Monday,
according to a U.S. Securities and Exchange Commission filing.
Icahn disclosed his initial 5.97 percent stake in Talisman
at the start of October, making the billionaire the
second-largest shareholder. He has said he intends to talk with
the company's management to discuss strategic alternatives.
Talisman has been working through a restructuring process
under new management for over a year and some analysts are
skeptical about Icahn's ability to force dramatic changes.
Talisman shares closed flat on the Toronto Stock Exchange at