CVR Energy Inc. has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with CVR Energy’s previously announced plan to sell a portion of its common units representing limited partner interests of CVR Partners, which produces nitrogen fertilizer at Coffeyville, Kan. As previously announced, CVR Energy intends to use the after-tax proceeds of the offering primarily to pay a special dividend to CVR Energy stockholders, and also to strengthen CVR Energy’s balance sheet. CVR Energy currently owns CVR Partners’ general partner and approximately 70 percent of its common units. The company is yet to announce exactly how many shares it will sell.
In other news, CVR Energy has announced that its annual stockholders meeting will be March 30, 2012. CVR expects to determine and announce the place, date, and time of the meeting in the near future. In addition to trying to buy CVR Energy, billionaire investor Carl Icahn is also seeking to elect nine members to the CVR board at the next shareholder meeting.