Icahn Enterprises L.P. (IEP) to Sell PSC Metals LLC to SA Recycling for $290M
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Icahn Enterprises L.P. Announces Definitive Agreement to Sell PSC Metals LLC at Enterprise Value of Approximately $290 Million
October 29, 2021 9:00 AM EDTSUNNY ISLES BEACH, Fla., Oct. 29, 2021 /PRNewswire/ -- Icahn Enterprises L.P. (NASDAQ: IEP) ("Icahn Enterprises") announced today that its wholly-owned subsidiary, American Entertainment Properties Corp., has entered into a definitive agreement to sell 100% of the equity interests in PSC Metals, LLC to SA Recycling LLC, for total consideration of approximately $290 million (including indebtedness that will be repaid at closing, and subject to a customary working capital adjustment). As of June 30, 2021, Icahn Enterprises had carried PSC Metals on its balance sheet at a value of $141 million. Icahn Enterprises has retained... More
