Icahn Enterprises proposes tender offer for up to 15M CVR shares at $17.50

CVR ENERGY INC

IEP currently owns 66,692,381 shares (66.3%) of CVR Energy.
Proposal to acquire up to 15M additional shares at $17.50 each, a ~6% premium to Nov 7 close.
If fully subscribed, IEP would own ~81.3% of outstanding shares.
Special committee of independent directors formed to evaluate the non-binding proposal.

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