Updates stock activity
** Icahn Enterprises LP IEP.O shares fall >14% on Mon as co seeks equity raise
** IEP shares drop as much as 14.3% to $13.62 on the session, lowest since Nov 2003. Stock last down 11.6% at $14.05
** Firm owned by billionaire investor Carl Icahn early Mon filed to sell up to $400 mln depositary units in "at-the-market" offering program to be handled by Jefferies JEF.N
** IEP to use any proceeds from offering to fund potential acquisitions and other corp purposes
** Co has ~457.46 mln units outstanding, giving it current market cap of roughly $6.4 bln
** Last week, Icahn and IEP settled SEC charges with U.S. regulators that for years he failed to disclose pledging majority of firm's securities for billions in personal margin loans, together agreeing to pay $2 mln in penalties
** With move on Mon, IEP shares down 19% YTD. They ended 2022 at $50.65
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))