April 14, 2024
Icahn Enterprises rallies 10% as company to pay out $2 a unit, says it does not have a liquidity problem

Icahn Enterprises rallies 10% as company to pay out $2 a unit, says it does not have a liquidity problem

Shares of Icahn Enterprises LP jumped about 10% in extended trading Thursday after activist investor Carl Icahn said the company does not face liquidity problems and will declare a distribution of $2 per unit for the quarter ended March 31.

In a statement to shareholders, Icahn said that Icahn Enterprises IEP would “normally” wait for its earnings call to share the news but decided to act after receiving “many inquiries” about the payouts.

Icahn…

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