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

Reuters

2024/12/07

** 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))

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