Icahn Enterprises reports 14.79% activist stake in Monro

Carl Icahn’s Icahn Enterprises (IEP) disclosed a 14.79% stake in Monro (MNRO), which represents over 4.43M shares. The stock was first reported by the Wall Street Journal. Icahn’s filing with the SEC allows for activism. Icahn say it will “continually monitor and evaluate” Monro’s operations, financial performance, organizational and reporting structure, corporate governance, capital structure, management performance, and executive compensation. Shares of Monro are up 17%, or $2.59, to $17.86 in late morning trading.