Icahn Enterprises L.P. (IEP) on Monday announced the closing of its previously announced registered public offering of 1.6 million depositary units representing limited partner interests in Icahn Enterprises. Icahn Enterprises received total net proceeds of about $117 million, before deducting estimated offering expenses.
Icahn Enterprises also granted the underwriters an option for 30 days to purchase up to an additional 240,000 depositary units.
The proceeds from the offering will be used solely to effect the recapitalization of Icahn Enterprises' subsidiary Federal-Mogul Corp.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.