Traded as NASDAQ: IEP Key people Carl Icahn (Chairman) Parent organization Icahn Enterprises | Industry Conglomerate CEO Keith Cozza (5 Feb 2014–) | |
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Type Master limited partnership Predecessor American Real Estate Partners L.P. Services Diversified investments Stock price IEP (NASDAQ) US$ 53.49 +0.17 (+0.32%)9 Mar, 4:00 PM GMT-5 - Disclaimer Headquarters New York City, New York, United States Subsidiaries Pep Boys, Federal-Mogul | ||
Icahn enterprises l p
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. The company is currently controlled by investor Carl Icahn.
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History
The Sands Casino Hotel and several adjacent lots were purchased for $274.8 million by Pinnacle Entertainment in November 2006.
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. 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, N.J. Shortly thereafter, an agreement was announced for the Taj Mahal to be managed by another Icahn affiliate, Tropicana Entertainment. Icahn also stated he would withhold a planned $100-million investment into the property if New Jersey approved casinos in the northern region of the state.
On August 3, 2016, it was announced that the Trump Taj Mahal would be shut down permanently on October 10, 2016.
Ownership
Carl Icahn is the majority shareholder with a 89.012% personal stake in Icahn Enterprises L.P.