CVR Energy (CVI) Volatility Plummets, Enters $30/Share Agreement with Icahn

CVR Energy (NYSE: CVI) volatility has dropped markedly at the open following the affirmed offer and acceptance by activist investor Carl Icahn.

Implied volatility is down about 70 percent from Wednesday's close, with shares up 7.5 percent early Thursday.

For more color on the arrangement, click here.

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