Icahn Again Extends Reliance Bond Offer Deadline

February 13, 2001

Carl Icahn’s High River Limited Partnership said has again extended its deadline to purchase up to $40 million in bonds of ailing insurance company Reliance Group Holdings Inc.

Icahn has extended the offer to Feb. 20 from the previous expiration date of Feb. 13. The deadline had already been postponed three other times since a federal appeals court allowed Icahn to buy the bonds.

Icahn already owns about $43.6 million of the bonds apart from the offer, he said on Jan. 15.

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