Icahn Enterprises Shares Drop on Secondary Offering

Carl Icahn is all over the news today and yesterday, after he revealed the extent of his faith in Herbalife Ltd. (NYSE:HLF). It’s been a busy day for the hedge fund manager on more than one front, however. His investment vehicle, Icahn Enterprises L.P. (NASDAQ:IEP), announced after the close on Thursday that it was commencing a public offering of depository units. The units represent limited partner interests in the firm.

Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified holding company that owns subsidiaries, primarily in Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home...