Why Carl Icahn Dumped $400 Million In Occidental Petroleum Stock

Investor Carl Icahn has slashed his sizable holdings of Occidental Petroleum in an escalation of the tensions between Oxy and Icahn over Oxy’s purchase of Anadarko Petroleum, according to the activist investor’s website, citing an open latter to Oxy shareholders on Friday. Icahn dump one-third of his shares, or 10 million, leaving Icahn with 23 million shares valued at $900 million. As of May, Icahn held $1.6 billion in Occidental, or 4.4% of the company. But Icahn has spoken out over Occidental’s $38 billion purchase of Anadarko…