Carl C. Icahn today announced a
tender offer through one or more of his affiliated companies for all of the
outstanding shares of common stock, and related stock purchase rights, of CVR
Energy, Inc. (the "Company"). Tendering shareholders will be paid $30 per
share in cash, plus a Contingent Value Right. The Contingent Value Right will
entitle holders to an additional payment, in cash, equal to the value that the
Company is sold for in excess of $30 per share. Mr. Icahn also announced his
intent to nominate a slate for all 9 directorships on the CVR Energy board of
directors.
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