Icahn Enterprises L.P. announces proposed tender offer to acquire additional shares of CVR Energy common stock [Yahoo! Finance]
CVR Energy Inc. (CVI)
US:NYSE Investor Relations:
investors.cvrenergy.com
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Source: Yahoo! Finance
board of directors of CVR Energy, Inc. ("CVR") to acquire additional shares of CVR common stock in a tender offer. IEP proposed that Icahn Enterprises Holdings L.P. ("IEH") (or a subsidiary thereof) would commence a tender offer to acquire up to 15 million additional shares (the "Maximum Tender Amount") of common stock, par value , of CVR, for a purchase price of per share. The proposed purchase price represents a premium of approximately 6% to CVR's closing price on November 7, 2024 and a premium of approximately 5% to the volume-weighted average price of CVR's common stock during the last 7 trading days. IEP is proposing the tender offer because it believes that CVR's shares are undervalued in the market and represent an attractive investment opportunity, and that CVR's shareholders will benefit from an opportunity to sell their shares at a premium to their trading price. IEP's proposal contemplates that IEH (or a subsidiary thereof) would acquire all shares of CVR common stock
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CVI
News
- Returns On Capital At CVR Energy (NYSE:CVI) Paint A Concerning Picture [Yahoo! Finance]Yahoo! Finance
- CVR Energy, Inc. (NYSE: CVI) had its price target raised by analysts at Mizuho from $18.00 to $20.00. They now have a "neutral" rating on the stock.MarketBeat
- CVR Energy, Inc. (NYSE: CVI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- CVR Energy Announces Pricing of Proposed Senior Secured Term Loan B Facility, 2025 Capital Expenditure Outlook, New Employment Agreement with Dave LampGlobeNewswire
- CVR Energy, Inc. (NYSE: CVI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
CVI
Earnings
- 10/28/24 - Miss
CVI
Sec Filings
- 12/18/24 - Form SC
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- CVI's page on the SEC website