CVR Energy, Inc. : CVR Energy Issues Statement Commenting on Investment by Carl Icahn
January 13, 2012 at 03:44 pm
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SUGAR LAND, Texas, Jan. 13,
2012/PRNewswire/ -- CVR Energy, Inc. (NYSE: CVI), a
refiner and marketer of petroleum fuels and the majority
owner of a nitrogen fertilizer products manufacturer, today
issued the following statement in response to an investment
in the company made by entities associated with Carl
Icahn.
"We appreciate Mr. Icahn's interest in CVR Energy
and his shared view that the company is a valuable
investment opportunity," said Chief Executive Officer
Jack Lipinski. "We welcome the views of
all of our shareholders and routinely consider their
thoughts on business and strategy as we pursue our common
goal of increasing shareholder value."
About CVR Energy, Inc.
Headquartered in Sugar Land, Texas, CVR
Energy, Inc.'s subsidiary and affiliated businesses
include an independent refiner that operates a 115,000
barrel per day refinery in Coffeyville, Kan.,
and markets high value transportation fuels supplied to
customers through tanker trucks and pipeline terminals, and
a crude oil gathering system serving central
Kansas, Oklahoma, western
Missouriand southwest Nebraska. In
addition, CVR Energy subsidiaries own a majority interest
in and serve as the general partner of CVR Partners, LP, a
producer of ammonia and urea ammonium nitrate, or UAN,
fertilizers.
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CVR Energy, Inc. is a diversified holding company primarily engaged in the renewable fuels and petroleum refining and marketing businesses, as well as in the nitrogen fertilizer manufacturing business through its interest in its subsidiary, CVR Partners, LP (CVR Partners). The Company operates through two segments: Petroleum and Nitrogen Fertilizer. Petroleum Segment refines and markets high-value transportation fuels primarily in the form of gasoline and diesel fuels. Petroleum Segment is composed of the assets and operations of two refineries located in Coffeyville, Kansas and Wynnewood, Oklahoma and supporting logistics assets in the region. Nitrogen Fertilizer segment produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The Company's Nitrogen Fertilizer Segment is composed of the assets and operations of CVR Partners, including two nitrogen fertilizer manufacturing facilities located in Coffeyville, Kansas and East Dubuque, Illinois.
CVR ENERGY, INC. 
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