Billionaire investor Carl Icahn is making a bold move, increasing his firm’s stake in CVR Energy by over 20% while simultaneously cutting its dividend in half. This strategic maneuver comes amidst challenges for CVR Energy, including a recent dividend suspension and a short-seller report that questioned the company’s valuation. Despite these headwinds, Icahn remains optimistic about the potential of CVR Energy, seeing an undervalued opportunity in the market.
Southwest Gas Holdings, Inc. (SWX) and activist investor Carl Icahn have reached an amended cooperation agreement, which includes the appointment of Icahn designees to the company’s board committees. This agreement has implications for Southwest Gas’s future strategic decisions and could influence share price performance. We analyze the agreement’s details, its potential impact on Southwest Gas’s stock, and provide insights for investors.
Billionaire investor Carl Icahn, known for his outspoken criticism of corporate boards and their oversight of CEOs, finds himself in the spotlight as the SEC investigates his company’s financial practices. This situation echoes concerns he raised in 2009 about the lack of accountability in corporate governance, which he blamed for the financial crisis. Icahn’s own company, Icahn Enterprises, faces scrutiny for its disclosure practices and use of company shares as collateral for personal loans, highlighting the very issues he previously criticized.
