Carl Icahn Boosts Stake in CVR Energy (CVI) to 80%
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Carl Icahn tendered an additional 9,488,431 shares of CVR Energy, Inc. (NYSE: CVI), bringing his stake to 70,184,975 shares, or approximately 80% of the shares outstanding.
In accordance with the terms of the previously announced Transaction Agreement between Mr. Icahn and CVR, upon the purchase of the tendered shares today, CVR's two remaining incumbent directors will be replaced automatically with two individuals nominated by Mr. Icahn.
In accordance with the terms of the previously announced Transaction Agreement between Mr. Icahn and CVR, upon the purchase of the tendered shares today, CVR's two remaining incumbent directors will be replaced automatically with two individuals nominated by Mr. Icahn.
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