Icahn Enterprises faces setbacks amid federal investigation and short seller attacks.
TL;DR
Hindenburg Research announced a new short position in Icahn Enterprises (IEP) bonds, causing the stock to drop roughly 5%. This comes after Hindenburg revealed a short position in IEP common shares on May 2. Icahn Enterprises also disclosed that a federal probe into its business began the day after Hindenburg’s first short report. Billionaire activist-investor Carl Icahn responded to Hindenburg via a statement, but Hindenburg clapped back on Thursday, specifically targeting Icahn’s personal loans taken out using IEP shares as collateral.
Topics:businessfinance#carl-icahn#finance#hindenburg-research#icahn-enterprises#short-position#stock-price
- Carl Icahn's Icahn Enterprises stock slips on new Hindenburg short Yahoo Finance
- Icahn Enterprises Falls on Request from Federal Prosecutors Bloomberg Television
- Icahn, Under Federal Investigation, Blasts Short Seller The Wall Street Journal
- An important update on Icahn's perpetual dividend . . . Financial Times
- Short Seller Hindenburg Hits Out Again at Carl Icahn, Adds Bet Against Bonds Yahoo Finance
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