Dec 6 (Reuters) - Billionaire activist Carl Icahn's investment firm Icahn Enterprises unveiled a slightly sweetened public bid on Friday to boost its stake in refiner CVR Energy to 84%.
CVR Energy shares rose nearly 4% in early morning trade.
Icahn Enterprises, which currently owns 66.3% of CVR shares, said it has commenced a cash tender offer to buy roughly 17.8 million additional shares in the refining firm at $18.25 per share.
The purchase price represents a slight discount to CVR's last close but is more than the offer Icahn Enterprises made last month to buy 15 million additional shares in the Texas-based refiner for $17.50 to increase its stake to 81.3%.
CVR Energy did not immediately respond to a request for comment.
The mildly enhanced offer comes at a time when refining margins have slumped, driven by sluggish demand and an expansion in global refining capacity.
CVR Energy operates a 115,000-barrel-per-day (bpd) Coffeyville refinery in Kansas and a 75,000-bpd Wynnewood facility in Oklahoma.
(Reporting by Vallari Srivastava in Bengaluru; Editing by Vijay Kishore)
((Srivastava.Vallari@thomsonreuters.com;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。