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Icahn Enterprises Halves Dividend to Boost CVR Energy Stake

By Yahoo! Finance   |   Nov 8, 2024 at 08:14 AM EST
Icahn Enterprises Halves Dividend to Boost CVR Energy Stake

Carl Icahn's investment fund, Icahn Enterprises LP, is cutting its dividend payout by 50% to boost its stake in CVR Energy Inc. They plan to increase their holding to 81% and launch a tender offer to buy 15 million CVR shares.

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