Market Overview

CVR Energy Responds to Short Form Merger Inquiry; Says Icahn Did Not Receive 90% of Common Stock

Share:
Related CVI
Earnings Scheduled For February 16, 2017
Mid-Afternoon Market Update: Bed Bath & Beyond Drops After Weak Q3 Results; Tokai Pharmaceuticals Shares Surge
CVR Energy, Inc. 2016 Q4 - Results - Earnings Call Slides (Seeking Alpha)

CVR Energy, Inc. (NYSE: CVI), a refiner and marketer of petroleum fuels and a majority owner of CVR Partners, LP (NYSE: UAN), a nitrogen fertilizer producer, today announced that it has received an inquiry regarding a short form merger of CVR with an affiliate of Icahn Enterprises LP under the April 18, 2012, agreement between CVR and Icahn.

CVR stated in that Icahn Enterprises did not receive 90 percent of CVR common stock relating to the subsequent offering period of the Icahn tender offer, there will not be a short form merger between CVR and Icahn Enterprises as a result of the April 18 agreement. No short form merger is contemplated at this time.

Posted-In: News M&A

 

Related Articles (CVI + UAN)

View Comments and Join the Discussion!