Kaskela Law LLC is investigating CVR Energy, Inc. (NYSE: CVI) (“CVR”) on behalf of the company’s shareholders.

On November 8, 2024, Icahn Enterprises LP (“Icahn”) announced that it had delivered a proposal to CVR’s Board to acquire additional shares of CVR common stock that it did not already own in a tender offer.  Specifically, Icahn proposed that it “would commence a tender offer to acquire up to 15 million additional shares [of CVR common stock] for a purchase price of $17.50 per share.”

The investigation seeks to determine whether CVR’s officers and/or directors violated the securities laws in permitting Icahn to commence the tender offer process at $17.50 per share.  Notably, the proposed $17.50 per share is less than a 6% premium to CVR’s closing price on November 7, 2024, and is significantly below the $24.00 per share trading price for CVR’s shares less than three weeks prior to the announcement.  Further, immediately prior to the ______ , at least five stock analysts were maintaining price targets for CVR’s shares at or above $21.00 per share.

CVR shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750