Elliott affiliate wins Citgo share auction with $7 billion conditional ...
WEBSep 27, 2024 · An affiliate of Elliott Investment Management on Friday was named the presumptive winner in a U.S. court auction of shares in a parent of oil refiner Citgo Petroleum with a bid that puts an up...
Elliott wins Citgo share auction with $7 billion conditional offer
WEBSep 27, 2024 · HOUSTON (Reuters) -Activist investor Elliott Investment Management on Friday was named the presumptive winner in a U.S. court auction of shares in a parent of oil refiner Citgo Petroleum with a...
Top Bidder for Citgo Is Elliott-Backed Group, Court Master Says
WEBSep 27, 2024 · A firm backed by Elliott Investment Management was named on Friday as the leading contender to acquire Citgo Petroleum, the oil refining giant that has been the subject of a long legal battle...
Citgo share auction creditors oppose terms of Elliott-affiliate's bid
WEB3 days ago · But Crystallex, the company that in 2017 first brought a case that found Citgo parent PDV Holding liable for unpaid judgments and holds the highest-ranked claim, said terms proposed by Elliott's ...
Elliott Affiliate Wins Citgo Auction With $7.3 Billion Bid - Yahoo …
WEBFri, Sep 27, 2024, 2:00 PM 3 min read. (Bloomberg) -- An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a bid for $7.3 billion, clearing a ...
Elliott Affiliate Wins Citgo Auction With $7.3 Billion Bid
WEBSep 27, 2024 · An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a bid for $7.3 billion, clearing a key hurdle in the fund’s push to acquire an oil ...
Exclusive | Elliott-Led Group Named As Winner of Auction to …
WEBSep 27, 2024 · Elliott and other U.S. investors have agreed to pay nearly $7.3 billion to acquire Citgo’s parent company, with proceeds set to help compensate creditors of the bankrupt Venezuelan government.
Elliott Investment Managment Wins $7 Billion Auction for Citgo
WEBSep 27, 2024 · Elliott Investment Management has emerged as the presumptive winner in the auction for shares in PDV Holding, the parent company of Citgo Petroleum. The winning bid, valued at up to $7.286 billion ...
Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid
WEBSep 27, 2024 · (Bloomberg) --An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a $7.28 billion bid, allowing it to acquire an oil refiner that was once Venezuela’s largest foreign asset.The affiliate, Amber Energy Inc., submitted the best bid for Citgo’s US parent, PDV Holding, according to Robert Pincus, the court-appointed special master who ...
US Judge Cancels Citgo’s Final Sale Hearing Following Objections
WEB3 days ago · Federal Judge Leonard Stark said a final sale hearing for Citgo Petroleum Corp ’s parent company that had been scheduled for Nov. 19 has been cancelled. Stark said because of the number of objections to the Elliott unit’s bid, “I can’t have a final sale hearing on Nov. 19.”. Stark spoke during a hearing on Tuesday.
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