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Sugar Land-based refiner backed by Icahn evaluating strategic options, sells terminal

Olivia Pulsinelli
Sugar Land-based refiner backed by Icahn evaluating strategic options, sells terminal

Sugar Land-based refiner CVR Energy Inc. (NYSE: CVI) is considering a potential sale of the company or other strategic alternatives and recently sold an asset, according to a May 21 press release. Bank of America Merrill Lynch is serving as financial adviser to assist CVR Energy in evaluating potential strategic alternatives. CVR Energy does not plan to comment on the process until it has more news to share.