Auto repair chain Monro soars after Carl Icahn takes 15% stake to become largest shareholder
1. Carl Icahn acquired a 14.8% stake in Monro, becoming the largest shareholder. 2. Monro's shares increased over 13% following Icahn's investment announcement. 3. Icahn aims to influence corporate strategy based on his history with similar stakes. 4. Monro's shares previously fell over 40% this year due to poor performance. 5. Rising labor costs and declining sales have challenged Monro's recent growth.