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Oil refiner CVR Energy (CVI +2.5%) outperforms after it's learned Carl Icahn has acquired a 3.5%...

Oil refiner CVR Energy (CVI +2.5%) outperforms after it's learned Carl Icahn has acquired a 3.5% stake in the company. CVR has responded to the news by issuing a brief statement in which it claims to "welcome the views of all shareholders."
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Comments (1)
  • Dr. V
    , contributor
    Comments (1179) | Send Message
     
    Ichan has aquired a 14.5 % stake, not a 3.5 % stake.

     

    Makes sense, as the Stockholder Rights Plan has a 15 % threshold.
    15 Jan 2012, 04:29 AM Reply Like
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