Analysis-Icahn's mark-up of meat packager extraordinary but possible, experts say

As investors and financial experts pored over Hindenburg Research's allegations against activist investor Carl Icahn's holding company this week, one easy-to-verify claim stood out in the short seller's report. Hindenburg said Icahn Enterprises LP (IEP) valued a meat packing company in which it owns a 90% stake three times over its market value. An IEP regulatory filing from March shows that it indeed valued Viskase Co Inc as a subsidiary at $243 million as of the end of December, when the market capitalization of the company was just $88.7 million.