Icahn Seizes Control Of CVR Energy Board With 80% Stake

Law360, New York (May 21, 2012, 4:35 PM EDT) -- Activist investor Carl Icahn has ramped up his stake in Texas oil and gas refiner CVR Energy Inc. to 80 percent, giving him total control of the company's board of directors, Icahn said Monday.

Icahn announced May 7 that he had won majority control of the company and replaced seven of the nine CVR Energy board members with his own appointees. The billionaire investor said Monday that he planned to replace the remaining two holdover board members now that he has total control over the board....
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