Citgo, Elliott Investment Management
Elliott affiliate wins Citgo share auction with $7 billion conditional offer
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 to $7.286 billion enterprise value on Venezuela-owned Citgo,
Elliott Affiliate Wins Citgo Auction With $7.3 Billion Bid
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 refiner that was once Venezuela’s largest foreign asset.
Elliott Nears Top Bid for Venezuela’s Citgo Petroleum
Elliott Investment Management is close to being named the top bidder in an auction for control of Venezuela’s oil refiner Citgo Petroleum in a court-ordered sale designed to pay down the bankrupt country’s debts,
Elliott Investment Wins Citgo Auction Amid Legal Tussles
Activist investor Elliott Investment Management won the U.S. court auction for shares in Citgo Petroleum's parent company, PDV Holding, valuing it at $7.286 billion. The auction aims to repay claims against Venezuela and state oil firm PDVSA.
Elliott wins Citgo share auction with $7 billion conditional offer
A conditional offer for shares in Citgo Petroleum's parent by financial firm Elliott Investment Management was accepted by a U.S. court officer overseeing an auction that could decide the future control of the Venezuela-owned oil refiner,
The New York Times1d
Top Bidder for Citgo Is Elliott-Backed Group, Court Master Says
The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the ...
US court overseeing Citgo share auction ends talks with Venezuela bondholders, filing shows
A U.S. court officer overseeing an auction of shares in a Citgo Petroleum (PDVSAC.UL) parent disclosed on Friday he has ended ...
Citgo Auction Official Ends Bondholder Talks, May Name Top Bidder Friday -- OPIS
The Friday update from court-appointed Special Master Robert Pincus comes as the auction process is nearing an end. Pincus is expected to announce as early as Friday, which company he has selected as ...
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U.S. Court Halts Venezuela Bondholder Talks Amid Citgo Auction
A U.S. court officer has concluded discussions with Venezuela 2020 bondholders concerning the auction's proceeds of Citgo ...
CITGO Safeguards Community with Proactive Worst-Case Scenario Drill
CITGO Lake Charles Refinery successfully completed a Worst-Case scenario drill, where more than 130 participants, including ...
Elliott wins Citgo share auction with $7 billion bid
Activist investor Elliott Investment Management on Friday was named the presumptive winner in a U.S. court auction of shares ...