An investment from billionaire oil and gas tycoon T. Boone Pickens, sent shares of Interoil Corp. (IOC) up more than 20% on Thursday.
A SEC filing showed Mr. Pickens has acquired 9.9% of Interoil's outstanding shares.
His private investment firm BP Capital Management LP holds a 3.2% stake, as does its general partner TBP Invesments Management LLC.
Mr. Pickens is considered one of America's top corporate raiders, reaping huge payoffs through takeover battles.
A SEC filing showed Mr. Pickens has acquired 9.9% of Interoil's outstanding shares.
His private investment firm BP Capital Management LP holds a 3.2% stake, as does its general partner TBP Invesments Management LLC.
Mr. Pickens is considered one of America's top corporate raiders, reaping huge payoffs through takeover battles.
Via: SeekingAlpha
