CVI shares joined to the tender offer

Discussion in 'Stocks' started by freddel, Nov 23, 2012.

  1. freddel


    There is already a topic about when the stock was trading at a discount to the tender offer (@30 dollars) after the expiration of the first two offers.
    Now, that the share's trading @43 dollars, I would be interested if you could share your view about Icahn's next move regarding those whose have joined their shares to the tender offer @30 dollars in April-May 2012.
    Do you think that he will try the keep its stake for more than 15 months to avoid to paid the contingency?

    "But in any event, as a result of the contingent value rights, if the company is sold for more than $30 per share within the next 15 months, holders tendering during the subsequent offering period will receive not only an immediate $30 in cash per share but also the difference between $30 and the price at which the company is sold."
    PR Newswire

  2. freddel


    I've missed the interview of Icahn on bloomberg tv before the close today, did he say something new about CVI?