Carl Icahn to disclose large stake in Monro, WSJ reports

Carl Icahn’s Icahn Enterprises (IEP) will disclose a large stake in Monro (MNRO) and is also in talks to join the board of another company, Cara Lombardo of Wall Street Journal reports, citing people familiar with the matter. Icahn Enterprises will report Q3 net income today of $287M, up from $22M from a year ago, the sources added. The value of IEP’s investments rose to $3.8B, up $567M since June 30, primarily due to CVR Energy (CVI), the people added. Shares of Monro are up 6% to $16.23 in premarket trading.