Icahn Enterprises

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Icahn Enterprises L.P.
Master limited partnership
Traded as NASDAQIEP
Industry Conglomerate
Predecessor American Real Estate Partners L.P.
Headquarters 767 Fifth Avenue, New York City, New York, United States
Key people
Carl Icahn (Chairman)
Services Diversified investments
Revenue Increase US$ 18.76 billion (2014)[1]
Increase US$ 908.0 million (2012)[1]
Decrease US$ 396.0 million (2012)[1]
Total assets Decrease US$ 24.56 billion (2012)[1]
Number of employees
60,406
Website www.ielp.com

Icahn Enterprises L.P. is an American conglomerate company headquartered at the General Motors Building in New York City, New York. The company has investments in various industries including auto parts, energy, metals, rail cars, casinos, food packaging, real estate and home fashion.[2] The company is currently controlled by investor Carl Icahn.

History[edit]

The Sands Casino Hotel and several adjacent lots were purchased for $274.8 million by Pinnacle Entertainment in November 2006.[3]

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.[3][4][5] 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.

In February 2016, Icahn Enterprises purchased Trump Entertainment Resorts out of Chapter 11 bankruptcy, acquiring the Trump Taj Mahal resort casino in Atlantic City, NJ.

Ownership[edit]

Chairman of the Board Carl Icahn is the majority shareholder with a 90.5% personal stake in Icahn Enterprises L.P.[6]

Subsidiaries and interests[edit]

References[edit]

  1. ^ a b c d "Icahn Enterprises, L.P. (IEP)". Yahoo! Finance. 
  2. ^ Kevin Orland (7 December 2015). "Pep Boys Rises After Icahn Takes Stake With Eye Toward Deals". Bloomberg Business. Retrieved 7 December 2015. 
  3. ^ a b Knight, Arnold M. (2007-04-24). "Icahn Sells Southern Nevada casinos". Las Vegas Review-Journal. p. 1A. Retrieved 2007-04-24. 
  4. ^ "KTNV 11PM newscast". KTNV. 2007-04-23. 
  5. ^ "Icahn Company Sells 4 Nevada Casinos to Goldman". New York Times (Reuters). 2007-04-24. Retrieved 2007-04-24. [dead link]
  6. ^ Bary, Andrew (2013-12-11). "Icahn Enterprises Looks Grossly Overvalued". Barron's. Retrieved 2014-01-09. 
  7. ^ "Icahn Enterprises completes acquisition of Pep Boys" (Press release). Pep Boys. February 4, 2016. Retrieved 2016-03-03. 
  8. ^ Andrew Bary (March 2, 2016). "A safe casino bet: Icahn’s Tropicana Entertainment". Barron's. Retrieved 2016-03-03. 
  9. ^ Christopher Palmieri (February 26, 2016). "Trump's former Atlantic City jewel exits bankruptcy, now Icahn's". Bloomberg Business. Retrieved 2016-02-26. 

External links[edit]