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Stock Market & Financial Investment News

News Breaks
January 8, 2013
10:35 EDTCVI, CVRR, IEPCVR Refining announces plans for 20M unit initial public offering
CVR Refining announced earlier this morning the launch of its initial public offering of 20M common units representing limited partner interests at a price of $24-$26 per unit. CVR Refining will list its common units on the New York Stock Exchange under the symbol "CVRR." After the offering, CVR Energy (CVI) will indirectly own common units representing approximately 86.4% of CVR Refining's outstanding units and CVR Refining's general partner, which owns a non-economic general partner interest in CVR Refining. In addition, the majority stockholder of CVR Energy, Icahn Enterprises (IEP), has indicated that it or its affiliates may purchase up to 4M of CVR Refining's common units in the offering, in which case they will own approximately 2.7% of the outstanding common units. Credit Suisse, Citigroup, Barclays, UBS Investment Bank and Jefferies are acting as joint book-running managers and J.P. Morgan, Macquarie Capital and Simmons & Company International are acting as co-managers for the initial public offering. 
News For CVI;IEP;CVRR From The Last 14 Days
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April 20, 2015
12:53 EDTIEP Tropicana Entertainment announces agreement with Ruby Seven Studios
Tropicana Entertainment announced it has entered into a strategic relationship agreement with San Francisco-based mobile and social games developer Ruby Seven Studios to develop and launch an online social gaming site. The agreement will allow Tropicana to bring immersive, casino style branded gaming experiences to its existing customers, and will enable players around the world to access Tropicana's free casino style games via mobile, Facebook and personal computers. Tropicana is a majority-owned subsidiary of Icahn Enterprises, L.P. (IEP).
06:19 EDTCVRRCiti still bullish on U.S. Refiners, Marathon Petroleum a top pick
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