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Carl Icahn’s company’s stock falls another 8% as short seller Hindenburg says latest disclosures raise more questions about margin loans

Clyde Edgerton by Clyde Edgerton
May 11, 2023
in Markets
Carl Icahn’s company’s stock falls another 8% as short seller Hindenburg says latest disclosures raise more questions about margin loans
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Icahn Enterprises LP’s stock IEP fell another 8% premarket Thursday, after short seller Hindenburg Research issued another report on Carl Icahn’s investing arm, saying disclosures made Wednesday raised more questions about Icahn’s margin loans from the company. Nate Anderson-backed Hindenburg published a report on IEP on May 2, accusing it of inflating asset values and questioning Icahn’s own borrowing using his units as collateral. Icahn owns 84% of IEP and disclosed that he had pledged more than 181 million units, or 60% of his holdings, for margin loans in a 2022 SEC filing. On Wednesday, IEP said that pledge had increased…

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