CVR Energy retains Jefferies to Conduct Company Sale; Shares Down 1.5%

Comment

Shutterstock photo

CVR Energy, Inc. ( CVI ) announced that is has engaged Jefferies & Company, Inc. to conduct the previously disclosed sale process agreed to by the previous CVR Board of Directors and certain affiliates of Carl Icahn to solicit acquisition proposals from third parties to acquire CVR.

The 60-day process will begin today and end on July 23, 2012.

Carl Icahn has agreed to support any bona fide offer made during the 60-day sale process that exceeds $35 per share although they might accept lower offers.

CVI shares are down 1.5% to $27, but above a day low $25.94.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com