Icahn Enterprises

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Icahn Enterprises L.P.
Master limited partnership
Traded as NASDAQ: IEP
Industry Conglomerate
Predecessor American Real Estate Partners L.P.
Headquarters 767 Fifth Avenue,
New York, New York, U.S.
Key people
 Carl C. Icahn
(Chairman of the Board)
Services Diversified investments
Revenue IncreaseUS$ 18.76 billion(FY 2014)[1]
IncreaseUS$ 908.0 million(FY 2012)[1]
DecreaseUS$ 396.0 million(FY 2012)[1]
Total assets DecreaseUS$ 24.56 billion(FY 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

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

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

References

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External links

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