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Hedge Fund News: Carl Icahn, Daniel Loeb, Wausau Paper Corp (WPP)

Hedge Fund News: Carl Icahn, Daniel Loeb, Wausau Paper Corp (NYSE:WPP)

Carl Icahn, who failed to find a buyer for oil processor CVR Energy, Inc.(NYSE:CVI) after taking over the company last year, is poised to almost double his $2 billion investment with the initial public offering of the company's refineries today. CVR Refining LP (NYSE:CVRR), which is seeking as much as $520 million in the IPO, would become at least the third refiner in the past year to sell its plants to the public and distribute operating profits to investors. CVR Refining, a master-limited partnership, is scheduled to offer 20 million units today for $24 to $26 each, the Sugar Land, Texas-based partnership said in a regulatory filing.

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