CVR Energy gains after Icahn launches bid to boost stake in refiner

CVR Energy

06/12/2024 16:38

** Shares of U.S. refiner CVR Energy  CVI.N  up 1.8% at
$18.65 
    ** Billionaire activist Carl Icahn's investment firm Icahn
Enterprises  IEP.O  unveils slightly sweetened public bid to
boost its stake in the refiner to 84%
    ** IEP launches offer to buy 17.8 million additional shares
in the refining firm at $18.25 per share
    ** IEP already owns 66.3% of the refiner
    ** Including session's gain, stock is down 38.5% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))