Carl Icahn owns 4% stake in International Flavors & Fragrances, sources say

Investing

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.
David A. Grogan | CNBC

Carl Icahn owns a 4% stake in International Flavors & Fragrances, sources told CNBC’s David Faber on Thursday.

Shares of the New York-based fragrance company popped 2.8% following the news.

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Icahn, founder and majority shareholder of Icahn Enterprises, is a longtime activist investor.

Separately on Thursday, International Flavors & Fragrances said it named Frank Clyburn chief executive officer effective Feb. 14, succeeding Andreas Fibig. Clyburn joined IFF from Merck & Co.

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