Icahn Enterprises (IEP) said Tuesday that it has extended the deadline for its cash tender offer for up to 17.8 million shares of CVR Energy (CVI) common stock at $18.25 per share.
The company said the new expiration date is Jan. 8, up from Jan. 6 previously.
Icahn said it has no plans to extend the offer further or change the price.
As of Jan. 6, 960,479 shares had been tendered, including 700,244 shares with guaranteed delivery.
The final number of shares tendered may change before the new expiration date, Icahn said.
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