CVR Energy (CVI) Loses Key Battle With Activist Carl Icahn

CVR Energy Inc. (NYSE:CVI) have today suffered a loss in their ongoing battle with Carl Icahn over the future of the company. He finds himself in control of 69% of the company today after 55% of the company's outstanding shares were tendered to him. The activist has also extended his tender offer for an extra two weeks to allow the remaining shares to reconsider his offer in light of the company's new position. The company holds its annual meeting on May 17th, though Icahn is trying to move it forward, and he...