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Carl Icahn to Increase Investment in Federated
Federated Department Stores Inc. said Sept. 25 it has been notified by investor Carl Icahn that he plans to acquire $113.4 million to $500 million of additional shares in Federated. The corporation recently converted more than 400 stores to the Macy's name. The stores were acquired as part of last year's $11 billion purchase of May Department Stores Co.