Icahn announce $30/share tender offer for CVR Energy

Carl Icahn announced a tender offer through one or more of his affiliated companies for all of the outstanding shares of common stock, and related stock purchase rights, of CVR Energy (CVI). Tendering shareholders will be paid $30 per share in cash, plus a Contingent Value Right. The Contingent Value Right will entitle holders to an additional payment, in cash, equal to the value that the Company is sold for in excess of $30 per share. Icahn also announced his intent to nominate a slate for all 9 directorships on the CVR Energy board of directors.