Sugar Land, Texas-CVR Energy, Inc. on Nov. 5 announced that one of its stockholders, an affiliate of Goldman, Sachs & Co., which currently owns 36 percent of CVR’s outstanding common stock, has commenced an offer to sell 7,376,264 shares. The move would take the stockholder’s stake in CVR down to 28 percent. The news impacted CVR share prices on the New York Stock Exchange. The shares, which had closed Nov. 5 at $10.31, sank to a close of $8.50 on Nov. 6 and then down to $8.10 on Nov. 9. They rebounded to close at $8.36 on Nov. 11. Deutsche Bank Securities is acting as the sole book-running manager for the offering.
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