The Credit Strategist

The Credit Strategist

Icahn Under Pressure

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The Credit Strategist
Sep 05, 2024
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Icahn Enterprises LP (IEP) is trading at a 52-week low today for a variety of reasons including a recent announcement that it is offering to sell $400 mm of additional units. But problems at the company run much deeper than potential dilution of existing unit holders.

Since Hindenburg Research published a damning report in 2023 arguing that IEP was over…

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