Carl Icahn may be preparing to gain greater stake in the energy industry.
The owner of a controlling stake in CVR Energy, Carl Icahn, has announced that he is preparing to make an offer on Delek US Holdings.
According to a new report from the New York Post, Icahn may be building some personal stake in Delek, which currently refines oil in Arkansas and Texas, as well as sells oil at the company’s 348 fuel stations.
Delek’s shares were up 5% last week to $15.03, according to the New York Post, but the company is down nearly 60% from last year, while CVR Energy is down nearly 70%.
In addition to his plans to make an offer on Delek, Icahn may also have plans to purchase the remaining stake in CVR.