24Business

ICAHN ENTERPRISES LP AND ICAHN ENTERPRISES HOLDINGS LP ANNOUNCE THE RESULTS OF THE TENDER FOR UP TO 17,753,322 SHARES OF CVR ENERGY COMMON STOCK

SUNNY ISLES BEACH, Fla., January 9, 2025 /PRNewswire/ — Icahn companies (NASDAQ:) LP (NASDAQ: IEP) (“IEP”) and Icahn Enterprises Holdings LP (“IEH”) today announced the results of IEH’s cash offer for up to 17,753,322 shares CVR Energy (NYSE:), Inc (NYSE: CVI) (“CVR energy“) ordinary shares, nominal value $0.01 per share, at a price per share of $18.25 (“Offer”), which expired in 17:00 hours, New York City time, included January 8, 2025.

Based on the count by Broadridge Corporate Issuer Solutions, LLCdepositary and paying agent for the Offer (the “Depositary and Paying Agent”), a total of approximately 878,212 shares were properly tendered and not properly withdrawn in the Offer.

IEH will accept for payment all shares duly tendered and not duly withdrawn at a price of $18.25 per share, for a total purchase price of approx 16 million dollars in aggregate. The shares that IEH will accept for payment represent a total of approximately 0.9% of CVR Energy’s outstanding ordinary shares. The depositary and the paying agent will immediately pay for the shares that IEH accepts for purchase.

DF King & Co., Inc. acted as information agent for the offer. Any questions regarding the offering may be directed to the toll-free information agent at (866) 207-3626 or by email at CVREnergy@dfking.com

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES. THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY.

About CVR energy

Headquarters in Sugar Land, Texas, CVR energy is a diversified holding company that primarily deals with renewable energy sources, oil refining and marketing activities, as well as nitrogen fertilizer production activities through its interest in CVR Partners (NYSE:), LP. CVR energy affiliates serve as general partners and own approximately 37% of the common units CVR Partners, LP.

About IEP and IEH

Icahn Enterprises LP (NASDAQ: IEP ), a master limited partnership, is a diversified holding company that owns subsidiaries currently engaged in the following businesses: Investments, Energy, Automotive, Food Packaging (NYSE: ), , Home Fashion and Pharma.

Icahn Enterprises Holdings LP (“IEH”) is a Delaware limited partnership. IEP owns a 99% limited partner interest in IEH, and each of IEP and IEH indirectly controls Carl C. Icahn.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of federal securities laws. In this context, forward-looking statements often refer to expected future business and financial results and financial condition and often include words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek”, “see”, “will”, “want”, “aim” and similar expressions, and variations or negations of these words. Forward-looking statements by their nature relate to matters that are, to varying degrees, uncertain, such as statements about the offer and the expected benefits thereof, and the terms of the related offer agreement. Such statements involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Offer or business CVR energy may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that may be considered forward-looking statements, including any statements regarding the expected benefits and costs of the Offering; expected time of completion of the offer; IEH’s ability to fulfill the offer; any statements of expectation or belief; and any statements of assumptions on which any of the foregoing is based. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that the Offer may not be completed in a timely manner, if at all; that before completing the transaction, CVR Energy’s the business may not perform as expected due to uncertainties related to the transaction or other factors; and other risks that are described in CVR Energy’s most recent annual report on Form 10’K and its other filings with SEC. IEP and IEH do not intend to notify you of any future revisions to any forward-looking statements to reflect events or circumstances occurring after the date of this press release, except to the extent necessary to amend and promptly disseminate revised information in the event that our existing announcement in connection with the Offer materially changes or is otherwise required by law or an applicable rule or regulation.

Contact for investors:Ted PapapostolouChief Financial Officer
IR@ielp.com
(800) 255-2737





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button