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Icahn Enterprises Looks to Build Stake in CVR Energy, Cuts Dividend in Half

By MarketWatch   |   Nov 8, 2024 at 07:18 AM EST
Icahn Enterprises Looks to Build Stake in CVR Energy, Cuts Dividend in Half

Icahn Enterprises plans to acquire more shares of CVR Energy at $17.50 per share and reduce its dividend by half to fund investments. The move aims to capitalize on what they see as an undervalued investment opportunity.

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