CVR Energy Reveals Decision To Retain Interests In Its Nitrogen Fertilizer Business; Determines Not To Pursue Potential Spin-off At This Time
Portfolio Pulse from Benzinga Newsdesk
CVR Energy has decided not to pursue the potential spin-off of its nitrogen fertilizer business, which is indirectly owned through its interests in CVR Partners, LP. The decision was made after a thorough review by the board, considering current market conditions and the best interests of CVR Energy and its stockholders.
June 13, 2023 | 8:24 pm
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CVR Energy's decision not to spin off its nitrogen fertilizer business may impact its stock price in the short term.
CVR Energy's decision not to pursue the spin-off of its nitrogen fertilizer business, which is indirectly owned through its interests in CVR Partners, LP, may impact its stock price in the short term. The decision was made after a thorough review by the board, considering current market conditions and the best interests of CVR Energy and its stockholders. This decision may lead to a neutral short-term impact on the stock price, as investors may have mixed reactions to the news.
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