Icahn Takes Stake in Undervalued JetBlue, Seeks Board Seat Amid Failed Deal
- Carl Icahn takes nearly 10% stake in JetBlue, says stock undervalued
- Icahn has been buying shares since January, sees investment opportunity
- JetBlue shares down 29% over past year
- Icahn seeking board representation through ongoing talks with airline
- Federal judge blocks JetBlue's planned $3.8B acquisition of Spirit Airlines