Icahn on the defensive since short-seller attack, WSJ says

Since short seller Hindenburg Research alleged in early May that the company held assets at inflated prices and its founder borrowed against the stock, Carl Icahn has been on the defensive, negotiating with lenders in an effort to put the episode behind him and limit potential fallout from future attacks, Cara Lombardo of The Wall Street Journal reports. The short-seller report cut shares of the investment company by 40%. Icahn and the banks finalized amended loan agreements that increase his collateral and set up a plan to fully repay the loans in three years, people familiar with the matter told the Journal.