CVR Hammers Icahn's Stock Claim In $2.6B Takeover Faceoff

Law360, New York (March 28, 2012, 6:23 PM EDT) -- CVR Energy Inc. told investors Wednesday that its stock was performing well, combating repeated assertions to the contrary from mogul Carl Icahn, who has launched a $2.6 billion hostile takeover of the company on the premise that it is struggling and ripe for acquisition.

In a letter signed by CEO Jack Lipinski, CVR urged shareholders not to accept Icahn's offer, lampooning the billionaire investor's earlier condemnation of the company for lagging behind competitors with a claim that CVR had been “far outperforming all [its] peers” since...
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