Carl Icahn and his company agreed to pay $2 million to settle SEC civil charges for failing to disclose extensive borrowing against his company’s shares, amid significant losses.
Following a damaging short-seller report from Hindenburg Research, Icahn Enterprises has seen shares plummet 68%, leading to a halved dividend and loan renegotiations.
Icahn’s public battle with Hindenburg Research has resulted in massive financial losses for both his company and personal fortune, with over $10 billion in valuation wiped out.
The Hindenburg report claimed that Icahn Enterprises was overvalued, with inflated asset values and an unsustainable dividend impacting investor confidence and market performance.
#carl-icahn #securities-and-exchange-commission #short-selling #hindenburg-research #icahn-enterprises
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