JetBlue’s stock surged 15% in extended trading after investor and businessman Carl Icahn disclosed a 9.91% stake in the US airline via a securities and exchange (SEC) filing. Icahn purchased the shares “in an open market purchase for an aggregate purchase price of approximately $119.75 million.” Icahn now owns circa 33.6 million shares of JetBlue, which are valued at over $200 million based on the closing price. Icahn acquired the shares “in the belief that they were undervalued and represented an attractive investment opportunity,” as stated in the SEC filing. The filing statement continued that Icahn intends to continue further

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