- CVR Energy (NYSE:CVI) +3.7% after-hours on news it hired BofA Merrill Lynch as its financial advisor to assist it in evaluating strategic alternatives, including a potential sale.
- CVR also says it agreed to sell its 1.5M-bbl Cushing, Okla., crude oil terminal to Plains All American Pipeline (NASDAQ:PAA) for $36M.
- Carl Icahn took a controlling state in the company in 2012, and Icahn Associates owned 71% of CVR shares as of April 10, according to Bloomberg data.