Icahn Enterprises L.P. Announces Definitive Agreement to Sell Ferrous Resources Limited, At Enterprise Value of Approximately $550 Million

Dec 05, 2018

NEW YORK, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) ("Icahn Enterprises") announced that on December 4, 2018, its majority-owned subsidiary, of which we own 77%, Ferrous Resources Limited, Inc. (“Ferrous”), entered into a definitive agreement to merge with a wholly-owned subsidiary of Vale S.A., for total consideration of approximately $550 million (including indebtedness that will be repaid at closing).

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