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CVR Partners (UAN) -2% AH after filing an S-1 regarding parent CVR Energy's (CVI) plans to sell...

CVR Partners (UAN) -2% AH after filing an S-1 regarding parent CVR Energy's (CVI) plans to sell part of its stake in the company. CVR Energy, which has received a buyout offer from Carl Icahn, plans to use the proceeds from the sale to pay a special dividend to stockholders, and to strengthen its balance sheet.
Comments (3)
  • surfgeezer
    , contributor
    Comments (7226) | Send Message
     
    Ok, am I confused? Icahn's offer is 30 and the stock drops to 25? Board says do nothing and is now pulling a chunk of it's own money out, so it can pay a "special" divvy( that it would have RECIEVED 70% of, that will now receive 55% of.
    Excuse my construction, but WTF
    7 Mar 2012, 02:05 AM Reply Like
  • penniecash
    , contributor
    Comments (10) | Send Message
     
    With news out today, what is the future of UAN? Nada?
    19 Apr 2012, 10:10 AM Reply Like
  • Gbowers21610
    , contributor
    Comments (6) | Send Message
     
    That's my question as well. Ramifications to UAN?
    19 Apr 2012, 06:58 PM Reply Like
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