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Icahn Enterprises LP’s stock tumbled 7.6% Friday, after Carl Icahn’s investing arm again halved its dividend, this time to help raise the funds to expand his stake in portfolio company CVR Energy.

Despite the recent drop in CVR’s share price, Icahn Enterprises believes the company is undervalued and that shareholders would benefit from a premium cash-out. To fund this transaction and ...

Carl Icahn, the renowned billionaire investor, is planning to increase his firm’s stake in CVR Energy, Inc. CVI while significantly reducing its dividend payout. The firm plans to achieve this ...

Icahn Enterprises and CVR did not immediately respond to Reuters' requests for comment. Carl Icahn owns about 66% of CVR, which operates the 115,000 barrel-per-day (bpd) Coffeyville refinery in ...

Icahn Enterprises plans to buy 15 million CVR shares. The offer is 6% above CVR's current market price. IEP's stake would increase to 81.3% of CVR shares. Billionaire Carl Icahn's holding company ...