Wall Street investors snapped up shares of...

Wall Street investors snapped up shares of Gillette Co. on reports that Carl C. Icahn has been buying into the razor and personal products maker, which has been locked in a proxy battle with Coniston Partners. More than 5.1 million Gillette shares changed hands on the New York Stock Exchange. And, while Gillette stock had been as high as $40.50, it closed unchanged at $39.875. Market sources said Icahn may have accumulated a 1% stake in Gillette. Icahn, chairman of Trans World Airlines Inc. and known as a corporate raider, could not be reached for comment. Gillette had no comment on the reports. Meanwhile in Boston, close to where Gillette is based, a federal judge set a tentative trial date of June 13 in Gillette’s lawsuit against Coniston.