Carl Icahn Bets Big On CVR While Slashing IEP Dividend In Half
Carl Icahn Bets Big On CVR While Slashing IEP Dividend In Half
Despite the recent drop in CVR's share price, Icahn Enterprises believes the company is undervalued and that shareholders would benefit from a premium cash-out. To fund this transaction and future investments, Icahn Enterprises plans to cut its dividend payout in half.Carl Icahn, the renowned billionaire investor, is planning to increase his firm's stake in CVR Energy, Inc. (NYSE:CVI) while significantly reducing its dividend payout.
著名億萬富豪投資者卡爾·伊坎計劃增加他所控股的cvr能源公司（紐交所：CVI）的持股比例，同時顯著減少其股息支付。
What Happened: Icahn Enterprises (NASDAQ:IEP), the investment firm controlled by Icahn, is proposing to increase its stake in CVR Energy by over 20%. This move is aimed at capitalizing on what Icahn perceives as an undervalued market, reported The Wall Street Journal, citing drafts of statements.
事件經過：由伊坎控制的投資公司伊坎企業（納斯達克：IEP）計劃增加對cvr能源的持股比例超過20%。這一舉措旨在利用伊坎所認爲的低估市場，華爾街日報援引聲明草案報道。
The firm plans to achieve this by purchasing up to 15 million additional shares, raising its holdings to over 81% of CVR's shares.
該公司計劃通過購買多達1500萬股額外股票，將其持股比例提高到cvr股份的81%以上。
Despite the recent drop in CVR's share price, Icahn Enterprises believes the company is undervalued and that shareholders would benefit from a premium cash-out. To fund this transaction and future investments, Icahn Enterprises plans to cut its dividend payout in half.
儘管cvr的股價最近有所下降，伊坎企業認爲公司被低估，並且股東將受益於溢價的現金支付。爲了資助這一交易和未來投資，伊坎企業計劃將其股息支付減半。
This is the second time the firm has reduced its dividend since a short-seller report challenged the company's valuation and dividend sustainability. Icahn, who owns most of IEP's shares, has dismissed the report as misleading.
自一份做空報告挑戰該公司估值和股息可持續性以來，這是該公司第二次減少股息。伊坎擁有IEP大部分股份，否認了該報告的誤導性。
Icahn Enterprises and CVR Energy did not immediately respond to Benzinga's request for comment.
伊坎企業和cvr能源未立即回應彭博社對其置評的請求。
Why It Matters: Icahn's decision to increase his firm's stake in CVR Energy comes at a time when the company is facing challenges. CVR Energy recently announced the suspension of its third-quarter dividend, leading to a significant drop in its share price.
重要性：伊坎決定增加其公司在cvr能源的持股比例，此舉發生在該公司面臨挑戰的時刻。cvr能源最近宣佈暫停其第三季度股息，導致其股價大幅下跌。
Despite these challenges, Icahn remains optimistic about the market's potential, citing "great opportunities for activists" in undervalued situations.
儘管面臨這些挑戰，伊坎仍對市場潛力持樂觀態度，稱在低估情況下存在「激進分子的巨大機會」。
Earlier in the year, Icahn Enterprises settled charges with the U.S. Securities and Exchange Commission for failing to disclose billions worth of personal loans pledged against Icahn Enterprises' securities. The settlement saw Icahn and his firm pay $1.5 million and $500,000 in civil penalties.
今年早些時候，伊坎企業與美國證券交易委員會就未能披露伊坎企業抵押在其證券上價值數十億美元的個人貸款問題達成和解。和解協議中，伊坎和他的公司支付了150萬美元和50萬美元的民事罰款。
Despite these legal challenges, Icahn has continued to make significant moves in the market. In May, he built a sizable position in Caesars Entertainment, and in October, he amended his cooperation agreement with Southwest Gas.
儘管面臨這些法律挑戰，伊坎依然在市場上繼續做出重大舉措。五月份，他在凱撒娛樂建立了一份可觀的職位，在十月份，他修改了與西南燃料幣的合作協議。
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Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
這篇文章是使用Benzinga Neuro生成的，並由編輯 Kaustubh Bagalkote
譯文內容由第三人軟體翻譯。
