Icahn Claims Majority Shares For $2.6B CVR Takeover
By Jonathan Randles
Law360, Los Angeles (April 3, 2012, 7:51 PM ET) -- Billionaire mogul Carl Icahn said Tuesday that more than half the outstanding shares of CVR Energy Inc. common stock have been tendered in response to Ichan's $2.6 billion bid to acquire the company, setting the stage for a possible proxy fight at the energy company's next annual meeting.
Approximately 55 percent of CVR stockholders have agreed to sell their stake in the company at $30 a share pursuant to his offer to acquire the company, Ichan said in a statement. CVR shares closed at $28.80 on...