Icahn Cleared to Buy More USX Shares:...

Icahn Cleared to Buy More USX Shares: Federal antitrust regulators have cleared investor Carl C. Icahn to acquire a bigger stake in USX Corp., the Federal Trade Commission said. The agency said it had granted Icahn early termination of the waiting period required under federal law to ensure that certain mergers and acquisitions do not violate antitrust law. Icahn, known for his past corporate takeover attempts, also owns Trans World Airlines Inc. In a filing with the SEC last month, Icahn revealed that he was seeking FTC permission to acquire at least 25% of USX, a Pittsburgh-based steel and energy company. FTC clearance for such an acquisition is required under the Hart-Scott-Rodino Antitrust Improvements Act. Icahn’s November SEC filing showed he owned nearly 34 million shares, or 13.26%, of USX’s common stock.