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Icahn Enterprises' bonds see buying after bond-friendly halving of distribution

Por: MarketWatch Business August 04, 2023

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The company said it would now make a distribution of $1, down from $2 previously. The news came as the company posted a surprise loss for the second quarter and a $1 billion decline in revenue. Icahn placed the blame for the fund’s poor performance on Hindenburg Research, the short seller that publishedaccusing it of overstating asset values. Hindenburg also revealed that Icahn himself had borrowed from the company, among other issues. For... + full article



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