Sugar Land, Texas — CVR Energy Inc. on Feb. 23 confirmed that on the same date Icahn Partners LP, an entity controlled by Carl Icahn, has formally commenced an unsolicited tender offer to acquire all of the outstanding shares of CVR Energy for $30.00 per share in cash, plus a non-transferable contingent cash payment right. Icahn had previously announced on Feb. 16, 2012, that he intended to make such an offer (GM Feb. 20, p. 1). CVR says its board will review the offer and will make its recommendation to shareholders promptly. CVR urges shareholders to take no action until the Board has issued its recommendation.
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