Icahn Enterprises Shares Fall After US Attorney’s Office Requests Information
- Shares of Icahn Enterprises fall as much as 21% after filing
- Firm fights back with detailed retort to Hindenburg Research
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Investors wiped as much as $2.3 billion off the market value of Carl Icahn’s investment firm Wednesday after it disclosed a federal inquiry into its practices, adding to the pressure that a short-seller attack has been putting on the stock since last week.
The US Attorney’s office for the Southern District of New York is seeking information on Icahn Enterprises LP’s corporate governance, securities offerings, dividends and due diligence, among other materials, according to a filing. Icahn Enterprises said it was cooperating.