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Gannett up 7.3% after hours as Icahn raises stake

Jul. 09, 2015 6:19 PM ETGannett Co., Inc. (GCI) StockGCI, TGNABy: Jason Aycock, SA News Editor2 Comments
  • Gannett (NYSE:GCI) is up 7.3% after hours -- adding on to gains it made into the close -- as Carl Icahn reveals he increased his stake.
  • Icahn's ownership rose to just over 6.5% of the company, from an earlier 6%, as of June 29, according to his form 13D.
  • Combined with today's move, the after-hours movement means Gannett stock at $12.94 is now off just 10% from when it opened regular-way post-spinoff trading on June 29.
  • Today, TEGNA (NYSE:TGNA), the broadcast result of the Gannett spinoff, rose 2.6%.

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