Icahn Enterprises

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Icahn Enterprises L.P.
Type Master limited partnership
Traded as NASDAQIEP
Industry Investment, automotive, gaming, railcar, food packaging, metals, real estate, home fashion
Predecessor(s) American Real Estate Partners L.P.
Headquarters 767 Fifth Avenue,
New York, New York, U.S.
Key people Carl C. Icahn
(Chairman of the Board)
Services Holding company
Revenue IncreaseUS$ 15.39 billion(FY 2012)[1]
Operating income IncreaseUS$ 908.0 million(FY 2012)[1]
Net income DecreaseUS$ 396.0 million(FY 2012)[1]
Total assets DecreaseUS$ 24.56 billion(FY 2012)[1]
Employees 60,406
Website www.ielp.com

Icahn Enterprises L.P. is a diversified holding company controlled by billionaire investor Carl Icahn and headquartered at the General Motors Building in New York City, New York.

History[edit]

The Sands Casino Hotel and several adjacent lots were purchased for $274.8 million by Pinnacle Entertainment in November 2006.[2]

On April 23, 2007 it was announced that American Casino & Entertainment Properties was being sold to Whitehall Street Real Estate Funds, an affiliate of Goldman Sachs, for $1.3 billion.[2][3][4] The sale is subject to approval of the Nevada Gaming Commission and the Nevada State Gaming Control Board.

On September 17, 2007, American Real Estate Partners changed its name to Icahn Enterprises L.P. and its NASDAQ ticker symbol from ACP to IEP. The Company remains a master limited partnership.

Ownership[edit]

Chairman of the Board Carl Icahn is the majority shareholder with a 90.5% personal stake in Icahn Enterprises L.P.[5]

Subsidiaries and interests[edit]

References[edit]

  1. ^ a b c d "Icahn Enterprises, L.P. (IEP)". Yahoo! Finance. 
  2. ^ a b Knight, Arnold M. (2007-04-24). "Icahn Sells Southern Nevada casinos". Las Vegas Review-Journal. p. 1A. Retrieved 2007-04-24. 
  3. ^ "KTNV 11PM newscast". KTNV. 2007-04-23. 
  4. ^ "Icahn Company Sells 4 Nevada Casinos to Goldman". New York Times (Reuters). 04-24 2007. Retrieved 2007-04-24.  [dead link]
  5. ^ Bary, Andrew (2013-12-11). "Icahn Enterprises Looks Grossly Overvalued". Barron's. Retrieved 2014-01-09. 

External links[edit]