CVR Energy’s board of directors on 1 March unanimous- ly recommended stockholders reject a tender for all issued and outstanding shares of the US independent refiner. Billionaire investor Carl Icahn, whose funds hold a 14.5pc stake in CVR, has pushed to take over and sell the company to a larger refiner. Icahn and his allies have nominated a new board for consideration during March’s annual meeting and offered $30 a share in a bid to take over the company.
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