Icahn Enterprises raising capital

• Icahn Enterprises (NASDAQ:IEP) launches a rights offering hoping to raise in the area of $600M. The owner of 89.89% of the company's stock, Carl Icahn intends to fully exercise his basic subscription and over-subscription rights.
• The company is also looking to raise $900M through the sale of five- and seven-year senior notes. Proceeds will be used to redeem maturing 3.50% senior notes.