Elliott Floats New $5.3 Billion Citgo Bid as Deal Faces Backlash
An affiliate of Elliott Investment Management put forth an alternative offer to buy oil refiner Citgo Petroleum Corp. in a ...
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Elliott Seeks to Appease Creditors with New $5.3 Billion Citgo Bid
The new proposal by affiliate Amber Energy is $2 billion less than its original offer and has a different structure, in an ...
Crude Oil Prices8d
Elliott-Backed Firm Makes New $5.3-Billion Citgo Bid Amid Creditor Complaints
Amber Energy has submitted a lower-priced bid for Venezuela's PDV Holding (Citgo's parent company) with a direct payout to creditors, hoping to address their concerns from the initial offer.
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US Extends Protections for CITGO to March 2025
The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to ...
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Venezuela: US Treasury Department Extends CITGO Protection Amid Auction Controversy
On Thursday, OFAC issued General License 5Q forbidding any transactions involving the debt instrument until March 7, 2025.
Elliott Investment Management Adds To Southwest, Western Digital, Etsy, Match Group; Trims BILL Holdings, Seadrill, BlackLine, NRG Energy In Q3
Elliott Investment Management was busy in the third quarter. According to a new 13-F filing with the SEC, the activist made ...
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Elliott takes more than $5B stake in Honeywell, advises separating automation, aerospace units
Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the industrial conglomerate to split into two separate companies.
The Business Journals3d
Investor Elliott Management calls for Honeywell breakup after amassing $5B stake
Elliott Management is calling for the separation of two of Honeywell's key businesses. Elliott Management has accumulated a significant stake in Honeywell International Inc. and is now asking the ...