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Icahn Enterprises LP (IEP.OQ)

IEP.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Activist Investor Carl Icahn Says Energen Is Very Undervalued - CNBC
Monday, 21 May 2018 

May 21 (Reuters) - :ACTIVIST INVESTOR CARL ICAHN SAYS ENERGEN IS VERY UNDERVALUED - CNBC.CARL ICAHN SAYS ENERGEN IS WORTH OVER $100 PER SHARE - CNBC.ICAHN SAYS IN RESPONSE TO WHETHER XEROX SHOULD BE SOLD THAT THE COMPANY COULD DEFINITELY BE SOLD, IT HAS MANY GOOD ASSETS - CNBC.ICAHN SAYS AMTRUST IS VERY UNDERVALUED - CNBC.ICAHN SAYS HAS NOT SPOKEN TO ELLIOTT MANAGEMENT'S PAUL SINGER ABOUT ENERGEN - CNBC.ICAHN ON VMWARE SAYS 'I WISH I HAD A BIGGER POSITION IN THE COMPANY' - CNBC.  Full Article

Newell Brands Announces Agreement With Starboard To End Proxy Contest
Monday, 23 Apr 2018 

April 23 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES AGREEMENT WITH STARBOARD TO END PROXY CONTEST.NEWELL BRANDS INC - BOARD APPOINTED TWO NEW INDEPENDENT DIRECTORS, GERARDO I. LOPEZ AND ROBERT A. STEELE, EFFECTIVE IMMEDIATELY.NEWELL BRANDS - INTENDS TO NOMINATE BRIDGET RYAN BERMAN FROM STARBOARD'S SLATE, WHO HAS BEEN MUTUALLY-AGREED UPON BY STARBOARD AND CARL C. ICAHN.NEWELL BRANDS INC - ANDREW LANGHAM HAS AGREED TO STEP DOWN FROM BOARD, EFFECTIVE IMMEDIATELY AND DAVID ATCHISON WILL NOT STAND FOR ELECTION.NEWELL BRANDS - AT 2018 ANNUAL MEETING, BOARD WILL BE EXPANDED TO COMPRISE 12 DIRECTORS.  Full Article

Icahn & Deason Provide Four-Part Plan To Increase Xerox Shareholder Value
Wednesday, 18 Apr 2018 

April 17 (Reuters) - Carl Icahn And Darwin Deason::CARL ICAHN AND DARWIN DEASON RELEASE OPEN LETTER AND PRESENTATION TO XEROX SHAREHOLDERS.ICAHN & DEASON - PROVIDE FOUR-PART PLAN TO INCREASE XEROX SHAREHOLDER VALUE.CARL ICAHN & DARWIN DEASON SAY FOUR-PART PLAN FOR XEROX INCLUDES PROPOSAL TO RE-EVALUATE ASIA-PACIFIC MARKET WITH A "STRONGER MANAGEMENT TEAM".ICAHN & DEASON - FOUR-PART PLAN FOR XEROX INCLUDES PROPOSAL TO DRIVE BOTTOM-LINE COST SAVINGS THROUGH NETWORK CONSOLIDATION AND CHANNEL OPTIMIZATION.CARL ICAHN & DARWIN DEASON SAY FOUR-PART PLAN FOR XEROX INCLUDES PROPOSAL TO MONETIZE "UNTAPPED INTELLECTUAL PROPERTY".ICAHN AND DEASON SAYS FOUR-PART PLAN FOR XEROX INCLUDES PROPOSAL TO "UNLOCK GROWTH THROUGH NEW ADJACENT SERVICES AND PARTNERSHIPS".ICAHN & DEASON - "BELIEVE OUR PLAN COULD CREATE TOTAL VALUE OF $54 TO $64 PER SHARE" COMPARED TO ABOUT $28 PER SHARE IN THE PROPOSED FUJI TRANSACTION.CARL ICAHN & DARWIN DEASON SAY XEROX CAN DRIVE COST SAVINGS BY OPTIMIZING ITS WHOLLY-OWNED SUBSIDIARY, GLOBAL IMAGING SYSTEMS.CARL ICAHN & DARWIN DEASON SAY XEROX CAN ADD ANOTHER "POTENTIALLY SIGNIFICANT" REVENUE STREAM BY MONETIZING ITS PALO ALTO RESEARCH CENTER.  Full Article

Tenneco To Buy Federal-Mogul For $5.4 Bln
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Tenneco Inc::TENNECO TO CREATE TWO INDEPENDENT, PUBLIC COMPANIES WITH ACQUISITION OF FEDERAL-MOGUL.DEAL FOR A TOTAL CONSIDERATION OF $5.4 BLN.INTENTION TO SEPARATE COMBINED BUSINESSES INTO 2 INDEPENDENT, PUBLICLY TRADED COMPANIES.FEDERAL-MOGUL IS BEING ACQUIRED FROM ICAHN ENTERPRISES L.P..DEAL TO BE FUNDED THROUGH CASH, TENNECO EQUITY AND ASSUMPTION OF DEBT.INTENTION TO SEPARATE COMBINED BUSINESSES THROUGH A TAX-FREE SPIN-OFF TO SHAREHOLDERS.ACQUISITION EXPECTED TO BE VALUE ACCRETIVE AND GENERATE SYNERGY OPPORTUNITIES OF AT LEAST $200 MLN IN ANNUAL EARNINGS.TO BUY FEDERAL-MOGUL THROUGH $800 MLN IN CASH, 5.7 MLN SHARES OF TENNECO CLASS A COMMON STOCK, AMONG OTHERS.PUT IN PLACE COMMITTED DEBT FINANCING TO FUND DEAL THAT WILL REPLACE EXISTING SENIOR CREDIT FACILITIES,SOME SENIOR FACILITIES AT FEDERAL-MOGUL.TO BUY FEDERAL-MOGUL ALSO THROUGH 23.8 MLN SHARES OF NON-VOTING TENNECO CLASS B COMMON STOCK AND ASSUMPTION OF DEBT.CAN REDUCE NUMBER OF SHARES OF CLASS B NON-VOTING STOCK BY UP TO 7.3 MLN SHARES, INCREASE CASH CONSIDERATION PROPORTIONATELY AT DEAL CLOSING.DEAL INCLUDES SEPARATION OF AFTERMARKET & RIDE PERFORMANCE AND POWERTRAIN TECHNOLOGY COMPANIES.WITH DEAL, AFTERMARKET AND RIDE PERFORMANCE COMPANY WILL INCLUDE TENNECO RIDE PERFORMANCE AND FEDERAL-MOGUL MOTORPARTS.WITH DEAL, POWERTRAIN TECHNOLOGY COMPANY WILL INCLUDE TENNECO CLEAN AIR AND FEDERAL-MOGUL POWERTRAIN.  Full Article

Deason, Icahn Together Own 15.2 Pct Stake In Xerox Corp As Of Feb 12​
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - :DARWIN DEASON AND CARL ICAHN TOGETHER OWN 15.2 PERCENT STAKE (NOT 6 PERCENT) IN XEROX CORP, AS OF FEB 12, 2018 - SEC FILING‍​.DARWIN DEASON REPORTED 6 PERCENT STAKE IN XEROX CORP AS OF JAN 22 - SEC FILING‍​.  Full Article

Cadus Corp Enters Into Definitive Merger Agreement With Affiliate Of Carl C. Icahn
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Cadus Corp ::CADUS CORPORATION ENTERS INTO DEFINITIVE MERGER AGREEMENT TO BE ACQUIRED BY AFFILIATE OF CARL C. ICAHN FOR $1.61 PER SHARE IN CASH.CADUS CORP - ‍ CO'S BOARD, ACTING ON UNANIMOUS RECOMMENDATION OF SPECIAL COMMITTEE, APPROVED MERGER AGREEMENT​.CADUS CORP - ‍MERGER IS NOT SUBJECT TO A FINANCING CONDITION​.CADUS - ENTERED DEAL WITH STARFIRE HOLDING, AFFILIATE OF CARL ICAHN & OF CO'S CONTROLLING STOCKHOLDERS, BARBERRY CORP, HIGH RIVER LIMITED PARTNERSHIP.  Full Article

Icahn Automotive Group Purchases 19 Independently-Owned Service Locations Throughout U.S.
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Icahn Automotive Group LLC::ICAHN AUTOMOTIVE GROUP LLC SAYS HAS PURCHASED 19 INDEPENDENTLY-OWNED SERVICE LOCATIONS THROUGHOUT UNITED STATES.  Full Article

Icahn Enterprises Announces Closing Of $1,260 Million Senior Notes Offering
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - Icahn Enterprises Lp ::ICAHN ENTERPRISES L.P. ANNOUNCES CLOSING OF $1,260 MILLION SENIOR NOTES OFFERING.  Full Article

Icahn Enterprises L.P. Announces Pricing Of Senior Notes
Saturday, 2 Dec 2017 

Dec 1 (Reuters) - Icahn Enterprises Lp ::ICAHN ENTERPRISES L.P. ANNOUNCES PRICING OF SENIOR NOTES.ICAHN ENTERPRISES LP - CO TOGETHER WITH ICAHN ENTERPRISES PRICED OFFERING OF $510 MILLION ADDITIONAL 6.250% SENIOR NOTES DUE 2022​.ICAHN ENTERPRISES - ‍ CO, ICAHN ENTERPRISES FINANCE CORP​ PRICED OFFERING OF $750 MILLION 6.375% SENIOR NOTES DUE 2025.  Full Article

Icahn Enterprises L.P. Intends To Offer New Senior Notes
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Icahn Enterprises Lp ::ICAHN ENTERPRISES L.P. INTENDS TO OFFER NEW SENIOR NOTES.SAYS PROCEEDS FROM NOTES OFFERING WILL BE USED TO REDEEM ALL OF ISSUERS' EXISTING 4.875% SENIOR NOTES DUE 2019,PAY RELATED FEES,EXPENSES.SAYS ‍INTENDS TO COMMENCE OFFERING OF $1.26 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF ADDITIONAL 6.250% SENIOR NOTES DUE 2022​.SAYS INTENDS TO COMMENCE AN OFFERING OF ADDITIONAL NOTES 6.750% SENIOR NOTES DUE 2024 AND NEW SENIOR NOTES DUE 2025.SAYS CO ANNOUNCED TOGETHER WITH ICAHN ENTERPRISES FINANCE CORP INTENDS TO COMMENCE AN OFFERING OF SENIOR NOTES.  Full Article

Icahn cuts stake in Cheniere Energy, says confident on management

June 28 Activist investor Carl Icahn has reduced his stake in energy company Cheniere Energy Inc to 9.5 percent, and said he was confident in the company's management and Chief Executive Officer Jack Fusco.