SUGAR LAND, Texas, April 3, 2012 /PRNewswire/ -- CVR Energy, Inc.
(NYSE: CVI), a refiner and marketer of petroleum fuels and a
majority owner of CVR Partners, LP (NYSE:UAN), a nitrogen
fertilizer producer, today issued the following statement regarding
the results of the unsolicited tender offer for $30.00 per share in cash plus a contingent cash
payment right (CCP) by entities controlled by Carl Icahn.
(Logo: http://photos.prnewswire.com/prnh/20071203/CVRLOGO)
"Mr. Icahn acknowledges that he cannot at this time purchase any
shares tendered in his offer, and such shares can be withdrawn at
any time. The real choice for stockholders will be at our annual
meeting where they will decide whether to elect Mr. Icahn's
hand-picked nominees in place of our qualified and experienced
Board of Directors with their track record of delivering
value."
Forward Looking Statements
This news release may contain forward-looking
statements. You can generally identify forward-looking
statements by our use of forward-looking terminology such as
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"explore," "evaluate," "intend," "may," "might," "plan,"
"potential," "predict," "seek," "should," or "will," or the
negative thereof or other variations thereon or comparable
terminology. These forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
many of which are beyond our control. For a discussion of
risk factors which may affect our results, please see the risk
factors and other disclosures included in our Annual Report on Form
10-K for the year ended Dec. 31,
2011. These risks may cause our actual results, performance
or achievements to differ materially from any future results,
performance or achievements expressed or implied by these
forward-looking statements. Given these risks and
uncertainties, you are cautioned not to place undue reliance on
such forward-looking statements. The forward-looking
statements included in this press release are made only as of the
date hereof.
About CVR Energy, Inc.
Headquartered in Sugar Land,
Texas, CVR Energy, Inc.'s subsidiary and affiliated
businesses operate independent refining assets in Coffeyville, Kan. and Wynnewood, Okla. with more than 185,000
barrels per day of processing capacity, a marketing network for
supplying high value transportation fuels to customers through
tanker trucks and pipeline terminals, and a crude oil gathering
system serving Kansas,
Oklahoma, western Missouri, southwestern Nebraska and Texas. 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.
Important Additional Information
This communication does not constitute an offer to buy or
solicitation of an offer to sell any securities. In response
to the tender offer (as amended) commenced by IEP Energy LLC and
Icahn Enterprises Holdings L.P., as well as other entities
affiliated with Carl C. Icahn
described in this news release, CVR Energy, Inc. ("CVR Energy"),
filed a Solicitation/Recommendation Statement on Schedule 14D-9
with the Securities and Exchange Commission ("SEC"). CVR ENERGY
STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ CVR ENERGY'S
SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 (AS
AMENDED) BECAUSE IT CONTAINS IMPORTANT INFORMATION. Stockholders
may obtain a free copy of the Solicitation/Recommendation Statement
on Schedule 14D-9 (as amended), as well as any other documents
filed by CVR Energy, for no charge at the SEC's website at
www.sec.gov. Copies will also be available at no charge in the
"Investor Relations" section of the Company's website at
www.cvrenergy.com or by writing to CVR Energy at 2277 Plaza Drive,
Suite 500, Sugar Land, Texas,
77479, Attn: Senior Vice President, General Counsel and
Secretary.
In addition, CVR Energy will file a definitive proxy statement
with the SEC for the 2012 annual meeting of stockholders. The
definitive proxy statement will be mailed to stockholders of CVR
Energy. CVR ENERGY STOCKHOLDERS ARE URGED TO READ THE
DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC
CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL
CONTAIN IMPORTANT INFORMATION. Stockholders will be able to obtain
free copies of these documents (when available) and other documents
filed with the SEC by CVR Energy through the web site maintained by
the SEC at www.sec.gov and in the "Investor Relations" section of
the Company's website at www.cvrenergy.com.
Certain Information Regarding Participants
CVR Energy, its directors and certain of its executive officers
may be deemed to be participants under the rules of the SEC.
Security holders may obtain information regarding the names,
affiliations and interests of CVR Energy's directors and executive
officers in CVR Energy's Annual Report on Form 10-K for the year
ended December 31, 2011, filed with
the SEC on February 29, 2012, and its
proxy statement for the 2011 Annual Meeting, which was filed with
the SEC on April 20, 2011.
These documents can be obtained free of charge from the sources
indicated above. Additional information regarding the
interests of these participants in any proxy solicitation and a
description of their direct and indirect interests, by security
holdings or otherwise, will also be included in any definitive
proxy statement and other relevant materials to be filed with the
SEC if and when they become available.
For
further information, please contact:
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|
Investor Relations:
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Media
Relations:
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Ed
Morgan
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Steve
Eames
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CVR
Energy, Inc.
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CVR
Energy, Inc.
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281-207-3388
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281-207-3550
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Or
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MediaRelations@CVREnergy.com
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Jay
Finks
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Or
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CVR
Energy, Inc.
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Tom
Johnson or Chuck Burgess
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281-207-3588
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Abernathy
MacGregor Group
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InvestorRelations@CVREnergy.com
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212-371-5999
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SOURCE CVR Energy, Inc.