"SEC Inquiry and Dividend Cut: Icahn Enterprises Stock Plummets"
TL;DR Summary
Icahn Enterprises (NASDAQ:IEP) saw its shares drop 4% in after-hours trading and 23% in regular trading after disclosing that the Securities & Exchange Commission (SEC) had contacted the company regarding various aspects of its operations. This follows a similar inquiry by the U.S. Attorney's office in May. Icahn Enterprises also announced a 50% reduction in its quarterly distribution, prompting criticism from Hindenburg Research, which had previously issued a short report on the company. The SEC and U.S. Attorney's office have not made any claims or allegations against Icahn Enterprises or its owner, Carl Icahn.
- Icahn Enterprises stock drops in after hours amid disclosure of SEC inquiry Seeking Alpha
- Carl Icahn's Firm Slashes Dividend in Half After Activist Pressure; Stock Slides The Wall Street Journal
- Nikola's Abrupt CEO Transition, Carl Icahn Led Icahn Enterprises Cuts Dividend Payout, FDA Rejects Mesoblast's Cell Therapy For Kids: Today's Top Stories Yahoo Finance
- CARL C. ICAHN - Icahn Enterprises (NASDAQ:IEP) Benzinga
- Icahn Enterprises' bonds see buying after bond-friendly halving of distribution MarketWatch
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
59%
229 → 94 words
Want the full story? Read the original article
Read on Seeking Alpha