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Trump confidant dumped millions in steel-related stock last week

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Trump confidant dumped millions in steel-related stock last week

Carl Icahn has impeccable timing.
JUDD LEGUM
MAR 2, 2018, 10:22 AM

Billionaire investor and longtime Trump confidant Carl Icahn dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports.

In a little-noticed SEC filing submitted on February 22, 2018, Icahn disclosed that he systematically sold off nearly 1 million shares of Manitowoc Company Inc. Manitowoc is a “is a leading global manufacturer of cranes and lifting solutions” and, therefore, heavily dependent on steel to make its products.

more:
http://thinkprogress.org/trump-ichan-steel-imports-cf7deb8beaf0/




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