In between rattling a succession of major corporations such as eBay (EBAY) and Family Dollar (FDO), and channeling his activist prowess into the embattled Fannie Mae and Freddie Mac, Carl Icahn (Trades, Portfolio) has taken a stake in Cadus Corp (OTCBB:KDUS) according to GuruFocus Real Time Picks. Icahn bought 12,563,840 shares of the pharmaceutical-turned-real estate company on June 6, giving him a total of 17,824,678 shares, which represents 67.81% of the outstanding shares.
Cadus Corp was founded in 1992 initially to develop yeast-based drug-discovery teachnologies. The company developed more than 25,000 genetically individual yeast strains capable of building hybrid yeast cells, as well as a technology that injected human genes into yeast cells to create hybrid yeast cells. Continue Reading »