Icahn Enterprises LP (IEP): "Icahn Enterprises > of Drop in Asset Va...

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Wednesday, 02/21/2024 9:27:49 PM

Wednesday, February 21, 2024 9:27:49 PM

"Icahn Enterprises <<< Warns >>> of Drop in Asset Value, Names Insider Teno CEO"

"(Reuters) -Icahn Enterprises on Wednesday warned of a sequential decline in its indicative net asset value in the fourth quarter, sending shares of the investment firm, which named insider Andrew Teno as its CEO, down 11%.

The drop in a key metric that gauges the value of a fund's assets adds more pressure on IEP's stock, which saw a selloff last year after short seller Hindenburg Research bet against the firm.

Hindenburg in May accused billionaire Carl Icahn-owned IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. The company's units were overvalued by more than 75%, the short seller had alleged."

https://money.usnews.com/investing/news/articles/2024-02-21/icahn-enterprises-names-insider-andrew-teno-as-ceo

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Recent IEP News

Icahn Enterprises L.P. Announces Q1 2024 Earnings Conference Call • PR Newswire (US) • 04/29/2024 10:00:00 PM
Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 02:56:11 AM
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Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Fourth Quarter and Full Year 2023 Financial Results • PR Newswire (US) • 02/28/2024 02:00:00 PM
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Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Third Quarter 2023 Financial Results • PR Newswire (US) • 11/03/2023 12:00:00 PM

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