Icahn Unveils Tender Offer For Vivus’ Debt – ValueWalk Premium
Carl Icahn Icahn Enterprises
10Sep

Icahn Unveils Tender Offer For Vivus’ Debt

Carl Icahn’s Icahn Enterprises through its subsidiary IEH Biopharma LLC unveiled a tender offer on Wednesday to buy up all of Vivus’ convertible notes at a price of $680 for each $1,000 note.

Reacting favorably to the announcement, obesity company Vivus shares jumped 13% to $1.35 on Wednesday.

Icahn into biopharma again
IEH Biopharma LLC, a subsidiary of Icahn Enterprises L.P., announced on Wednesday a

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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