CVR ENERGY INC (CVI) Form SCHEDULE 13D/A — Nov 3, 2026
CVR Energy has agreed to acquire Marathon Petroleum's St. Paul Park, Minnesota and Mandan, North Dakota refineries plus related pipeline and logistics assets for a base cash price of $4.2 billion under a purchase agreement dated November 2, 2026. The deal is not subject to a financing condition, and closing depends on HSR clearance, no material adverse effect, and North Dakota approval of the Mandan refinery's hazardous waste permit transfer.
Key figures
- Deal Value Usd
- 4200000000
- Commitment fee
- 1.00% of aggregate commitment
- Icahn shares owned
- 71201875
- Pipeline interests
- 17% of Minnesota Pipe Line Company and MPL Investments
- Shares outstanding
- 100530599
- Icahn stake percent
- 70.8%
- Iep preferred commitment
- $500 million
- Iep preferred price per share
- 53.37
AI analysis
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