CVI did this selling the GS stake down over time; that's when that stock started to move higher as liquidity and risk of secondary were lifted. This stock is way undervalued.
" CVR Partners (UAN) -3.3% AH after announcing a secondary offering of 12M common units by CVR Energy (CVI). UAN will receive no proceeds from the offering. "
This will increase the float by 60%....should be positive in the long run....won't be as thinly traded.
It's CVR Energy selling. No dilution, but I'd prefer to have the raw material supplier holding the units.
is this a result of mr carl not being able to sell the company