CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Icahn's CVR Energy slips after starting stock offering for Marathon refineries deal

By Reuters News

**Shares of CVR Energy CVI.N down 2.5% to $54.50 premarket on Tues after it announces acquisition-related equity offering

** CVR kicks off $750 mln stock offering; co offering $500 mln and $250 mln of shares to be sold by indirect subsidiary of Icahn Enterprises LP IEP.O

** Co intends to use net offering proceeds it receives to fund $4.2 bln buy of St. Paul Park refinery in Minnesota and Mandan refinery in North Dakota from Marathon Petroleum MPC.N

** If acquisition is not completed, CVR intends to use net proceeds for general corp purposes

** Barclays and Jefferies joint bookrunners

** Sugar Land, Texas-based CVR has 100.53 mln shares outstanding; Icahn Capital holds 71.2 mln shares, per LSEG data

** Through Mon close, stock soared 120% YTD; shares hit record intraday high of $63.51 on Oct 14, 2026

** Of 7 analysts covering the stock, recommendation breakdown is 3 "hold", 3 "sell" and 1 "strong sell"; median PT of $47 up from $33.50 a month ago - LSEG data

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.