Seeking Alpha

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

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.
From other sites
Comments (2)
  • Chris Damas
    , contributor
    Comments (1448) | Send Message
     
    Huh? Widening crack spreads are good for oil refiners. This has to be about the unmarketability of CVR Partners.
    21 Aug 2012, 05:54 PM Reply Like
  • Clayton Rulli
    , contributor
    Comments (3192) | Send Message
     
    perhaps its for nat gas or something?
    21 Aug 2012, 08:10 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs