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
Company Research
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
- CVR Energy Shares Gain as Carl Icahn Plans to Boost Stake [Yahoo! Finance]Yahoo! Finance
- Carl Icahn Bets Big On CVR While Slashing IEP Dividend In Half [Yahoo! Finance]Yahoo! Finance
- Icahn Enterprises Hits Rough Patch With Q3 Earnings Miss, Dividend Cut; Eyes Larger Stake In CVR Energy [Yahoo! Finance]Yahoo! Finance
- Thermon Group Sees Revenue Decline but New Orders Rise [Yahoo! Finance]Yahoo! Finance
- Halliburton Q3 2024 Financial Results Amid Challenges [Yahoo! Finance]Yahoo! Finance
CVI
Earnings
- 10/28/24 - Miss
CVI
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- CVI's page on the SEC website