Carl Icahn Bets Big On CVR While Slashing IEP Dividend In Half
Carl Icahn Bets Big On CVR While Slashing IEP Dividend In Half
Despite the recent drop in CVR's share price, Icahn Enterprises believes the company is undervalued and that shareholders would benefit from a premium cash-out. To fund this transaction and future investments, Icahn Enterprises plans to cut its dividend payout in half.Carl Icahn, the renowned billionaire investor, is planning to increase his firm's stake in CVR Energy, Inc. (NYSE:CVI) while significantly reducing its dividend payout.
著名亿万富豪投资者卡尔·伊坎计划增加他所控股的cvr能源公司（纽交所：CVI）的持股比例，同时显著减少其股息支付。
What Happened: Icahn Enterprises (NASDAQ:IEP), the investment firm controlled by Icahn, is proposing to increase its stake in CVR Energy by over 20%. This move is aimed at capitalizing on what Icahn perceives as an undervalued market, reported The Wall Street Journal, citing drafts of statements.
事件经过：由伊坎控制的投资公司伊坎企业（纳斯达克：IEP）计划增加对cvr能源的持股比例超过20%。这一举措旨在利用伊坎所认为的低估市场，华尔街日报援引声明草案报道。
The firm plans to achieve this by purchasing up to 15 million additional shares, raising its holdings to over 81% of CVR's shares.
该公司计划通过购买多达1500万股额外股票，将其持股比例提高到cvr股份的81%以上。
Despite the recent drop in CVR's share price, Icahn Enterprises believes the company is undervalued and that shareholders would benefit from a premium cash-out. To fund this transaction and future investments, Icahn Enterprises plans to cut its dividend payout in half.
尽管cvr的股价最近有所下降，伊坎企业认为公司被低估，并且股东将受益于溢价的现金支付。为了资助这一交易和未来投资，伊坎企业计划将其股息支付减半。
This is the second time the firm has reduced its dividend since a short-seller report challenged the company's valuation and dividend sustainability. Icahn, who owns most of IEP's shares, has dismissed the report as misleading.
自一份做空报告挑战该公司估值和股息可持续性以来，这是该公司第二次减少股息。伊坎拥有IEP大部分股份，否认了该报告的误导性。
Icahn Enterprises and CVR Energy did not immediately respond to Benzinga's request for comment.
伊坎企业和cvr能源未立即回应彭博社对其置评的请求。
Why It Matters: Icahn's decision to increase his firm's stake in CVR Energy comes at a time when the company is facing challenges. CVR Energy recently announced the suspension of its third-quarter dividend, leading to a significant drop in its share price.
重要性：伊坎决定增加其公司在cvr能源的持股比例，此举发生在该公司面临挑战的时刻。cvr能源最近宣布暂停其第三季度股息，导致其股价大幅下跌。
Despite these challenges, Icahn remains optimistic about the market's potential, citing "great opportunities for activists" in undervalued situations.
尽管面临这些挑战，伊坎仍对市场潜力持乐观态度，称在低估情况下存在“激进分子的巨大机会”。
Earlier in the year, Icahn Enterprises settled charges with the U.S. Securities and Exchange Commission for failing to disclose billions worth of personal loans pledged against Icahn Enterprises' securities. The settlement saw Icahn and his firm pay $1.5 million and $500,000 in civil penalties.
今年早些时候，伊坎企业与美国证券交易委员会就未能披露伊坎企业抵押在其证券上价值数十亿美元的个人贷款问题达成和解。和解协议中，伊坎和他的公司支付了150万美元和50万美元的民事罚款。
Despite these legal challenges, Icahn has continued to make significant moves in the market. In May, he built a sizable position in Caesars Entertainment, and in October, he amended his cooperation agreement with Southwest Gas.
尽管面临这些法律挑战，伊坎依然在市场上继续做出重大举措。五月份，他在凯撒娱乐建立了一份可观的职位，在十月份，他修改了与西南燃料币的合作协议。
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Image Via Shutterstock
图片来自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
这篇文章是使用Benzinga Neuro生成的，并由编辑 Kaustubh Bagalkote
