Icahn Enterprises announces tender offer for 17.75M CVR Energy shares at $18.25

Icahn Enterprises (IEP) announced the results of IEH’s cash tender offer for up to 17,753,322 shares of CVR Energy’s (CVI) common stock, par value 1c per share, at a price per share of $18.25, which expired at 5:00 p.m., New York City time, on January 8. Based on the count by Broadridge Corporate Issuer Solutions, the depositary and paying agent for the offer, a total of approximately 878,212 shares were properly tendered and not properly withdrawn in the Offer. IEH will accept for payment all shares properly tendered and not properly withdrawn at a price of $18.25 per share, for a total purchase price of approximately $16M in the aggregate. The shares to be accepted for payment by IEH represent in the aggregate approximately 0.9% of CVR Energy’s outstanding common stock. The depositary and paying agent will promptly pay for the shares accepted for purchase by IEH.