on the same day, saying Hindenburg Research's report is"self-serving" and"intended solely to generate profits on Hindenburg's short position at the expense of IEP's long-term unitholders."
It further said the company"operates from a position of strength" and has about $2 billion of cash and cash-equivalents on its balance sheet as of March 21. Shares of Icahn Enterprises closed 20% lower at $40.36 on Tuesday. They were down 0.9% in after-hours trade. Icahn is the third public figure to be targeted by Hindenburg Research this year. On January 24, the short-seller shocked the markets when itthat India's Adani Group had"engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades."
The report hit investor sentiment and sent Adani-related stocks into a tailspin, which lost over $150 billion in value in about five weeks, per
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