Carl Icahn is reportedly withdrawing his offer to take CVR Energy (CVI) private due to...

|About: CVR Energy, Inc. (CVI)|By:, SA News Editor

Carl Icahn is reportedly withdrawing his offer to take CVR Energy (CVI) private due to deteriorating market conditions. In a letter, he states: "A number of market conditions have changed, including a significant widening of crack spreads. We no longer think that the proposed transaction is feasible at this time and we hereby withdraw it." Shares -2.5% AH.