Reuters: Regulatory News: UPDATE 1-CVR Energy meets with Icahn to discuss offer

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-CVR Energy meets with Icahn to discuss offer Apr 13th 2012, 10:56 April 13 | Fri Apr 13, 2012 6:56am EDT April 13 (Reuters) - CVR Energy Inc, which has been opposing Carl Icahn's $2.26 billion bid to buy the crude oil refiner, said it had held discussions with the billionaire investor regarding his offer and proxy fight. However, no confidential information was provided to Icahn, CVR said in a filing with the Securities and Exchange Commission. About 55 percent of CVR's outstanding shares have been tendered into Icahn's $30-a-share offer. Icahn, CVR's top shareholder with a 14.5 percent stake, is now pressing forward with a proxy fight to place nine directors on the company's board. CVR has downplayed the results of the tender offer, noting that Icahn cannot purchase any more shares because of a poison pill it adopted that prevents the activist investor from raising his stake. CVR shares, which have gained 23 percent of their value since Icahn unveiled his stake in January, closed at $28.38 on Thursday on the New York Stock Exchange.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions