Icahn Enterprises L.P. (NASDAQ:IEP) concluded the trading at $50.14 on Friday, September 23 with a fall of -1.72% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $51.02 and 5Y monthly beta was reading 0.76 with its price kept floating in the … An Analysis Of Icahn Enterprises L.P.’s (IEP) Stock Behavior Read More »
→ Google Traductor
Icahn Enterprises pays a 15% yield for you to hold its shares. Read more to know why I remain bullish on IEP''s long-term prospects.
→ Google Traductor
CVR Energy Inc. with ticker code (CVI) now have 3 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 40 and 32 with a mean TP of 36. With the stocks previous close at 31.01 this indicates there is a potential upside of 16.1%. There is a 50 day moving average of 32.43 and the 200 day moving average is 26.08. The company has a market capitalisation of $3,322m. Visit the company website at: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,856m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
CVR Energy Inc. with ticker code (CVI) now have 3 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 40 and 31 with the average target price sitting at 35.67. Given that the stocks previous close was at 35.92 this is indicating there is a potential downside of -.7%. The 50 day moving average now sits at 32.59 and the 200 day MA is 25.8. The company has a market capitalisation of $3,572m. Visit the company website at: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,547m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
Formerly known as a "corporate raider," Carl Icahn is the founder and controlling shareholder of Icahn Enterprises, which is a large holding company with well diversified positions. In recent years, Icahn has become known as an activist investor, and opened a new stake in Bausch & Lomb Corporation (NYSE: BLCO ) over the second quarter, totaling 3,500,000 shares owned. Although Bausch & Lomb does not offer dividends, here are three high-yielding stocks that Icahn’s holding company currently owns. Icahn Enterprises L.P. (NASDAQ: IEP ) is offering a dividend yield of 15.46% or $8.00 per share annually, using quarterly payments, with an inconsistent track record of increasing dividend payments. Icahn … Full story available on Benzinga.com
→ Google Traductor
CVR Energy Inc. with ticker code (CVI) now have 3 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 40 and 31 calculating the average target price we see 35.67. Now with the previous closing price of 32.61 this is indicating there is a potential upside of 9.4%. The day 50 moving average is 32.95 and the 200 moving average now moves to 25.36. The company has a market cap of $3,370m. Find out more information at: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,686m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
Icahn Enterprises reported a net loss of $0.41/unit for 2Q. IEP trading account had a 4.8% loss for the quarter, much better than most of the equity market.
→ Google Traductor
CVR Energy Inc. with ticker code (CVI) now have 4 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 40 and 31 calculating the mean target price we have 36.75. Given that the stocks previous close was at 31.52 this would imply there is a potential upside of 16.6%. The 50 day MA is 34.17 and the 200 day moving average is 24.74. The company has a market cap of $3,193m. Find out more information at: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,723m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
IEP earnings call for the period ending June 30, 2022.
→ Google Traductor
The following slide deck was published by Icahn Enterprises L.P.
→ Google Traductor
Icahn Enterprises LP (NASDAQ:NASDAQ:IEP) Q2 2022 Earnings Conference Call August 05, 2022, 10:00 ET Company Participants Jesse Lynn - General Counsel David Willetts - President, CEO &…
→ Google Traductor
For the six months ended June 30, 2022, net income attributable to Icahn Enterprises was $195 million, or $0.64 per depositary unit. For the six months ended June 30, 2021, net income attributable to Icahn Enterprises was $26 million, or $0.10 per depositary unit. For the six months ended…
→ Google Traductor
Icahn Enterprises (IEP) is scheduled to announce Q2 earnings results on Friday, August 5th, before market open.The consensus EPS Estimate is $0.07 (+113.2% Y/Y) and the consensus…
→ Google Traductor
Icahn Enterprises (NASDAQ: IEP ) is set to give its latest quarterly earnings report on Friday, 2022-08-05. Here''s what investors need to know before the announcement. Analysts estimate that Icahn Enterprises will report an earnings per share (EPS) of $0.07. Icahn Enterprises bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, … Full story available on Benzinga.com
→ Google Traductor
CVR Energy Inc. with ticker code (CVI) now have 4 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 40 and 31 and has a mean target at 36.75. Given that the stocks previous close was at 33.54 this would imply there is a potential upside of 9.6%. The day 50 moving average is 34.13 and the 200 day MA is 24.44. The company has a market capitalisation of $3,318m. Find out more information at: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,635m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It also owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets.
→ Google Traductor
SUNNY ISLES BEACH, Fla., July 29, 2022 /PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq: IEP) announced today that it will discuss its second quarter 2022 results on a conference call and webcast on Friday, August 5, 2022 - 10:00 a.m. Eastern Time. To access the webcast, participants should…
→ Google Traductor
CVR Energy Inc. found using ticker (CVI) have now 4 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 40 and 31 calculating the mean target price we have 36.75. Now with the previous closing price of 30.29 this indicates there is a potential upside of 21.3%. The 50 day MA is 34.11 and the 200 day moving average is 23.78. The company has a market cap of $3,062m. You can visit the company''s website by visiting: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,715m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
Icahn Enterprises shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
→ Google Traductor
CVR Energy Inc. found using ticker (CVI) now have 4 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 40 and 31 and has a mean target at 36. With the stocks previous close at 33.5 this now indicates there is a potential upside of 7.5%. The day 50 moving average is 33.33 and the 200 day MA is 23. The market capitalisation for the company is $3,382m. Find out more information at: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,634m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
Wall Street reveres Carl Icahn as one of the most successful activist investors of the last several decades. He invests in companies through his publicly traded company, Icahn Enterprises LP (NASDAQ:IEP) and in an investment fund with his funds. An activist investor is a shareholder who uses their equity stake in a company to influence […]
→ Google Traductor
CVR Energy Inc. with ticker code (CVI) now have 4 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 40 and 31 with a mean TP of 36. With the stocks previous close at 36.72 this now indicates there is a potential downside of -2.0%. The 50 day MA is 31.9 and the 200 moving average now moves to 22.05. The company has a market capitalisation of $3,419m. Company Website: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,352m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
Icahn Enterprises L.P. hit a new 52-week low on Thursday. The stock traded as low as $48.13 and last traded at $48.52, with a volume of 7216 shares. The stock had previously…
→ Google Traductor
Icahn Enterprises L.P. hit a new 52-week low on Thursday. The stock traded as low as $48.13 and last traded at $48.52, with a volume of 7216 shares. The stock had previously…
→ Google Traductor
Cheniere Energy Inc. said Wednesday it agreed to repurchase $350 million of its common shares held by Carl C. Icahn and Icahn Enterprises LP at a price of $130.52 per share, in a deal expected to close on June 21. Icahn initially invested in Cheniere in 2015 and has since made more than $1.3 billion in realized and unrealized gains on Cheniere, according to a prepared statement from the billionaire. He continues to own a sizeable stake in Cheniere. Andrew Teno, a Cheniere board member appointed by Icahn Enterprises, will resign from the board of directors within two business days following the close of the stock purchase agreement. Icahn Enterprises said it was instrumental in hiring Cheniere CEO Jack Fusco and that its ownership stake stands out as a "shining example of IEP''s activism efforts." Shares of Cheniere Energy rose 1.8% in premarket trades. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
→ Google Traductor
HOUSTON--(BUSINESS WIRE)--Cheniere Announces $350 Million Repurchase of Shares from Icahn Enterprises
→ Google Traductor
CVR Energy Inc. found using ticker (CVI) have now 4 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 40 and 31 with a mean TP of 36. With the stocks previous close at 41.45 this would indicate that there is a downside of -13.1%. There is a 50 day moving average of 30.74 and the 200 day MA is 21.46. The market cap for the company is $4,167m. You can visit the company''s website by visiting: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,619m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
Inflation, interest rates, and recession fears have put pressure on stocks, but Nasdaq stocks in particular have been hardest hit. So far this year, the S&P 500 is down 18%. The Dow Jones Industrial Average is down 13%. The Nasdaq, as measured by the Nasdaq composite ? It’s down by a wider margin, 25.8% year-to-date. That’s not surprising, given the index is made up largely of richly priced tech stocks. Such names are most sensitive to rising interest rates, and negative changes in economic conditions. As these issues carry on in the near term, names that trade on the Nasdaq could continue to struggle. Still, that’s not to say you should avoid them completely. Some high-quality tech names commonly associated with the index are now at appealing entry points. 7 Great Dividend Stocks Under $25 Along with this, there are scores of non-tech names listed on the exchange that are promising long-term buy-and-hold opportunities. That brings us to these seven Nasdaq stocks. Each one could provide long-term investors buying them today with solid returns.
→ Google Traductor
CVR Energy Inc. with ticker code (CVI) now have 4 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 33 and 24 calculating the average target price we see 29.5. Now with the previous closing price of 33.59 this is indicating there is a potential downside of -12.2%. The day 50 moving average is 27.87 while the 200 day moving average is 20.25. The company has a market capitalisation of $3,501m. Company Website: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,075m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
CVR Energy Inc. with ticker code (CVI) now have 5 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 33 and 21 calculating the average target price we see 27.8. Now with the previous closing price of 31.83 this would indicate that there is a downside of -12.7%. There is a 50 day moving average of 26.78 and the 200 day MA is 19.74. The market capitalisation for the company is $3,199m. Visit the company website at: https://www.cvrenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="CVI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,794m based on the market concensus. CVR Energy, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
→ Google Traductor
Carl Icahn reduces his stake in Cheniere Energy (LNG), Newell Brands (NWL), and Delek (DK) and increased holdings in Icahn Enterprises LP (IEP) in Q1, according to his…
→ Google Traductor
A Relative Strength Rating upgrade for Icahn Enterprises shows improving technical performance. Will it continue?
→ Google Traductor
CVR Energy Inc. with ticker code (CVI) have now 6 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 25.03 and 15 with a mean TP of 20.08. With the stocks previous close at 16.43 this indicates there is a potential upside of 22.2%. There is a 50 day moving average of 19.86 and the 200 day moving average is 20.13. The company has a market cap of $1,615m. Company Website: /> [stock_market_widget type="chart" symbol="CVI" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] CVR Energy, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets.
→ Google Traductor
PHILADELPHIA Icahn Enterprises L.P.''s Pep Boys brand has singled out five of its automotive technicians for recognition in conjunction with Automotive Service Professionals Month . "Pep Boys'' promise to our customers is, ''We go further to help you go farther,'' and our top techs are the ones who truly deliver on this promise day in and day out," Pep Boys CEO Brian Kaner said. "As we celebrate our centennial this year, we''re especially proud of our top techs for demonstrating the same values on which our business was founded 100 years ago." Pep Boys selected auto techs in its five business regions for the honor. They were chosen based on multiple factors, including ASE certifications, strong productivity and performance metrics, mentorship and living the company''s values. The respective stores of each top tech now have the distinction of being home to the country''s most outstanding technicians, Pep Boys said. The 2021 Top Tech award winners are: Loy Chour, Anaheim, Calif.; John Morin, St.
→ Google Traductor
Announcement of Periodic Review: Moody''s announces completion of a periodic review of ratings of Icahn Enterprises L.P. Vollständigen Artikel bei Moodys lesen
→ Google Traductor
Carl Celian Icahn is an American businessman and investor, founder of Icahn Enterprises, and billionaire whose net worth is $ 17.2 billion. He has made a large and very diverse number of investments; He has bought shares in automobile, software, and technology companies, laboratories, and media and communication enterprises, and is the director of many others. The businessman has been associated with companies such as Apple, Netflix, Marshall, and Marvel. He is a feared investor, and he made his reputation by buying and selling the shares he owned in these firms, relentlessly waiting for an opportunity, even dismantling entire companies if he could make a profit from it. Icahn has been described as an activist shareholder, someone who uses his investment in a company as leverage to push it to make certain changes in the way it operates. Clearly, his trajectory did not make him a very popular figure, but there is no denying the position he now finds himself in. How the millionaire''s stance changed just a few days ago In 2018, Icahn called Bitcoin and cryptocurrencies in general ridiculous, saying that he would not get involved with them and claiming that his reluctance could be because he simply did not understand them.
→ Google Traductor
Recently, billionaire activist investor Carl Icahn, the Chairman of American conglomerate Icahn Enterprises, shared his latest thoughts on the state of the markets, inflation, and potential use of Bitcoin and Ethereum as a hedge against higher inflation. Icahns comments during an interview on May 26 with Caroline Hyde on Bloomberg TVs Bloomberg Markets: The Close. Here []
→ Google Traductor
Reading Time: < 1 minute Carl Icahn has said that he may invest in cryptocurrencies in a big way The Icahn Enterprises founder told Bloomberg he now sees the value in intentionally scarce cryptocurrencies Icahns investment could be around the $1 billion mark Carl Icahn, whose conglomerate Icahn Enterprises has over $33 billion in assets under management, has said that he might get into cryptocurrencies in a big way after admitting that there might be something to the asset class. His comments are reminiscent of those of fellow billionaire Ray Dalio, who earlier this year changed his position on cryptocurrencies and this week said he The post Carl Icahn Looking at Billion Dollar Crypto Investment appeared first on FullyCrypto .
→ Google Traductor
Billionaire investor Carl Icahn, the founder of Icahn Enterprises, says that his company is exploring how to get involved in cryptocurrency in a relatively big way, which he said could be an investment of about $1.5 billion. Carl Icahn Exploring Getting Into Cryptocurrency Carl Icahn, the founder and controlling shareholder of Icahn Enterprises, a diversified []
→ Google Traductor
Carl Icahn, the well-known billionaire, considers investing $1.5 billion in crypto noting that much of the crypto issued today will not survive as we can see more in our cryptocurrency news today. Former crypto skeptic Carl Icahn and founder of Icahn Enterprises said that he is set to enter the crypto market by investing $1.5 []
→ Google Traductor
The American conglomerate Icahn Enterprises is exploring opportunities within the cryptocurrency space and can invest up to $ 1.5 billion. The American billionaire and president of Icahn Enterprises, Carl Icahn, in a interview on Wednesday May 26 with Bloomberg TV he said he seeks to get involved in the digital asset space in a "relatively [] The post US conglomerate Icahn Enterprises could invest $ 1.5 trillion in cryptocurrencies appeared first on BitcoinNewsAndReports .
→ Google Traductor
Billionaire businessman and founder of diversified holding company Icahn Enterprises, Carl Icahn, has revealed that he is looking at getting into the cryptocurrency industry in a big way, with the possibility of investing up to a billion dollars in crypto assets. Crypto is Here to Stay In an interview with Bloomberg on Wednesday (May 26, Read More
→ Google Traductor
US billionaire Carl Icahn, the chairman of Icahn Enterprises and the CEO of Icahn Capital, believes that cryptocurrencies are here to stay. He shared his bullish sentiments on the crypto space during an interview on May 16, noting that while Icahn Enterprises has not invested in cryptocurrencies, the conglomerate is studying the sector. Although he [] The post Carl Icahn says crypto is here to stay; Eyes a $1.5B investment in the sector appeared first on Invezz .
→ Google Traductor
Billionaire investor Carl Icahn's namesake holding company Icahn Enterprises L.P. said Chief Executive Keith Cozza was leaving after running the company for…
→ Google Traductor
Billionaire investor Carl Icahn’s investment firm Icahn Enterprises (NASDAQ: IEP ) has hired a former General Electric Co (NYSE: GE ) executive as the company’s CEO, the Wall Street Journal reported on Sunday. What Happened: Aris Kekedjian, a 30-year GE veteran, left the company in 2019 where he was leading the conglomerate’s M&A strategy as the Chief Investment Officer since 2016. Kekedjian replaces … Full story available on Benzinga.com
→ Google Traductor
https://www.investing.com/news/stock-market-news/icahn-taps-kekedjian-to-be-ceo-of-icahn-enterprises--wsj-2465220
→ Google Traductor
Icahn Enterprises (NASDAQ:IEP) is set to post its quarterly earnings results before the market opens on Friday, February 26th. Analysts expect Icahn Enterprises to post earnings of ($0.47) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link. Shares of NASDAQ IEP opened […]
→ Google Traductor
Cloudera announced that Gary Hu has been appointed to the Company's Board of Directors, upon the recommendation of Icahn Enterprises.
→ Google Traductor
"Look Out Below": Carl Icahn Issues Major Warning On Markets, Warns Rally Will End In "Painful Correction" It has been a difficult year - and decade - for billionaire investor Carl Icahn, who despite making $1.3 billion by shorting malls via CMBX 6, a trade we first pitched several years ago as the Big Short 2.0, failed to make waves with any other prominent investments and in fact has been anecdotally net short during the market's historic surge in the past two years. Yet despite a spotty recent investing track record, the 84-year-old legendary corporate raider remains bearish on the fence about the market's ludicrous ascent, as he made clear in an interview with CNBC's Scott Wapner in which Icahn warned of the possibility of a significant decline for stocks, and predicted that "wild rallies" in the market always meet a dramatic end. “In my day I’ve seen a lot of wild rallies with a lot of mispriced stocks, but there is one thing they all have in common. Eventually they hit a wall and go into a major painful correction.
→ Google Traductor
Activist investor Carl Icahn has sold over 50% of his stake in Herbalife back to the company for $600 million. He also gave up the five seats on the board that his representatives filled. After the transaction closes, Icahn Enterprises will own about 8 million shares of Herbalife, which amounts to an approximately 6% stake. […] The post Carl Icahn Unloads More Than Half His Herbalife Stake appeared first on ValueWalk .
→ Google Traductor
Icahn Dumps $600 Million In Herbalife Back To The Company, Will Surrender 5 Board Seats About 8 years after Carl Icahn famously entered the Herbalife fray, spurring a short squeeze that helped decimate Bill Ackman's now-infamous $1 billion short against the company, Icahn appears to be making his exit. Icahn reportedly will be selling $600 million worth of his stake back to Herbalife and, as a result, will be relinquishing his 5 board seats. The company will be buying back the massive chunk of stock using cash on hand and its credit facility. The transaction is set to close by January 7, 2021. An Herbalife PR put out Sunday night said: Herbalife…today announced that on January 3, 2021, it entered into an agreement to repurchase approximately $600 million of the Company’s common shares beneficially owned by Carl C. Icahn and certain of his affiliates, at a purchase price of $48.05 per share , the closing price of Herbalife Nutrition’s common shares on December 31, 2020, the last trading day prior to the execution of the purchase agreement.
→ Google Traductor