"As you know, Carl Icahn's tender offer to acquire all outstanding shares of our common stock for $30 per share in cash plus a contingent cash payment right expires at 11:59 p.m. New York City time tomorrow evening. As was disclosed in the company's Solicitation / Recommendation Statement on Schedule 14D-9, CVR Energy's Board of Directors is not recommending that stockholders tender their shares into Mr. Icahn's offer because it believes that the company's potential long-term value exceeds the tender offer price. We are writing to let you know what happens next if Mr. Icahn either does or does not succeed in his tender offer. If at least 31,661,040 shares are tendered prior to 11:59 p.m. tomorrow night, the Minimum Condition will have been satisfied. This means that the tendered shares plus the number of shares already owned by Mr. Icahn represent a majority of our outstanding shares."
- Carl Icahn
- tender offer