Key Developments: Icahn Enterprises LP (IEP.O)
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Latest Key Developments (Source: Significant Developments)
Icahn Enterprises LP Announces Quarterly Distribution
Icahn Enterprises LP announced that Board of Directors of its general partner has declared a quarterly distribution for the second quarter of 2013 in the amount of $1.00, which will be paid on or about July 5, 2013 to depositary unit holders of record at the close of business on May 13, 2013. Full Article
Icahn Enterprises LP Announces Closing Of Depositary Unit Offering
Icahn Enterprises LP announced the closing of its previously announced registered public offering of 3,174,604 depositary units representing limited partner interests in Icahn Enterprises at $63.00 per depositary unit to the public. Icahn Enterprises received total net proceeds of approximately $193 million, after deducting underwriting discounts and commissions and estimated offering expenses. Icahn Enterprises also granted the underwriters an option for 30 days to purchase up to an additional 476,191 depositary units. The proceeds from the offering will be used for general partnership purposes. Jefferies LLC served as sole book-running manager. Full Article
Icahn Enterprises LP Announces Pricing Of Depositary Unit Offering
Icahn Enterprises LP announced that its registered public offering of 3,174,604 shares of depositary units representing limited partner interests in Icahn Enterprises, has been priced at $63.00 per depositary unit. Icahn Enterprises has also granted the underwriters an option for 30 days to purchase up to an additional 476,191 depositary units. The proceeds from the offering will be used for general corporate purposes. Jefferies & Company, Inc. is serving as sole book-running manager. Full Article
Icahn Enterprises LP Announces Commencement of Depositary Unit Offering
Icahn Enterprises LP announced a registered public offering of depositary units representing limited partner interests in Icahn Enterprises. Icahn Enterprises intends to grant the underwriters an option for 30 days to purchase additional depositary units. The proceeds from the offering will be used for general corporate purposes. Jefferies & Company, Inc. is serving as sole book-running manager. Full Article
Icahn Enterprises LP Adopts New Policy Increasing Annual Distribution to $4.00 Per Depositary Unit
Icahn Enterprises LP announced that the Board of Directors of its general partner has approved a modification to the Company's distribution policy to provide for an increase in the annual distribution from $1.40, comprised of $0.40 in cash and $1.00 in depositary units, to $4.00 per depositary unit, payable in either cash or additional depositary units, at the election of each depositary unit holder. The Board of Directors of the general partner has declared a quarterly distribution for the first quarter of 2013 in the amount of $1.00, which will be paid on or about April 15, 2013 to depositary unit holders of record at the close of business on February 21, 2013. Depositary unit holders will have until March 14, 2013 to make an election to receive either cash or additional depositary units; if a holder does not make an election, it will automatically be deemed to have elected to receive the dividend in cash. Full Article
Icahn Enterprises LP Announces Third Quarter Quarterly Distribution
Icahn Enterprises LP announced that it has declared a quarterly distribution for the third quarter of 2012 in an aggregate of $0.35 per depositary unit, comprised of a combination of $0.10 payable in cash and $0.25 payable in depositary units. The distribution will be paid on November 30, 2012 to depositary unit holders of record at the close of business on November 15, 2012. Full Article
Icahn Enterprises LP Announces Quarterly Distribution
Icahn Enterprises LP announced a quarterly distribution of $0.35 per depositary unit, comprised of a combination of $0.10 payable in cash and $0.25 payable in depositary units. The distribution will be paid on August 31, 2012 to depositary unitholders of record at the close of business on August 16, 2012. Full Article
Icahn Enterprises LP Announces Closing of $300 Million Senior Notes Offering
Icahn Enterprises LP together with Icahn Enterprises Finance Corp., announced that they have consummated their tack-on offering of an additional $300 million in aggregate principal amount of their 8% Senior Notes due 2018. The notes were sold in a private offering to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and non-U.S. persons outside the United States under Regulation S under the Securities Act. The proceeds from the offering will be used for general corporate purposes. Full Article
Icahn Enterprises LP Announces Quarterly Distribution
Icahn Enterprises LP announced a quarterly distribution of $0.35 per depositary unit, comprised of a combination of $0.10 payable in cash and $0.25 payable in depositary units. The distribution will be paid on May 31, 2012 to depositary unit holders of record at the close of business on May 16, 2012. Full Article
Icahn Enterprises LP Announces Resignation And Appointment Of Chief Financial Officer- Reuters
Reuters reported that on March 22, 2012 Icahn Enterprises LP has appointed SungHwan Cho as Chief Financial Officer(CFO) after Dominick Ragone resigned on March 16, 2012. Full Article
UPDATE 5-Icahn, Southeastern mount challenge to Dell buyout
NEW YORK/BOSTON, May 10 - Carl Icahn and Southeastern Asset Management Inc have mounted an aggressive challenge to Michael Dell's controversial $24.4 billion offer to take Dell Inc private, offering $21 billion in cash to shareholders while vying to wrest control of the company from its co-founder.
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