Icahn Enterprises L.P. (IEP) said its unit, American Entertainment Properties Corp., has agreed to sell 100% of the equity interests in PSC Metals, LLC to SA Recycling LLC, for approximately $290 million. The transaction is anticipated to close by the end of 2021. Icahn acquired its interest in PSC Metals in 2007.

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RTTNews | Oct 29, 2021 09:10AM EDT

09:10 Friday, October 29, 2021 (RTTNews.com) - Icahn Enterprises L.P. (IEP) said its unit, American Entertainment Properties Corp., has agreed to sell 100% of the equity interests in PSC Metals, LLC to SA Recycling LLC, for approximately $290 million. The transaction is anticipated to close by the end of 2021. Icahn acquired its interest in PSC Metals in 2007.

Carl C. Icahn, Chairman of Icahn Enterprises, said: "Given the cyclical nature of the company's industry, we believe today's transaction is appropriately timed and provides a very positive outcome for IEP unitholders."

Read the original article on RTTNews ( https://www.rttnews.com/3237410/icahn-enterprises-announces-sale-of-equity-interests-in-psc-metals-quick-facts.aspx)

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