Hindenburg expands attack on Icahn's empire by shorting bonds and stocks.
TL;DR Summary
Hindenburg Research has opened a short position in Icahn Enterprises bonds, days after accusing Carl Icahn of running "Ponzi-like" structures. The move comes as Icahn's firm posted a surprise first-quarter loss and disclosed that it had been contacted by US prosecutors. Icahn Enterprises did not address any of the key issues flagged in the May 2 report, according to Hindenburg. Shares of Icahn Enterprises are down nearly 40% since Hindenburg's report was first released earlier this month.
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- Carl Icahn Is Locked in Battle Against His Own Kind Barron's
- Icahn Enterprises L.P. (NASDAQ:IEP) About To Shift From Loss To Profit Simply Wall St
- Carl Icahn’s company’s stock rises 6% premarket MarketWatch
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