An affiliate of Elliott Investment Management put forth an alternative offer to buy oil refiner Citgo Petroleum Corp. in a ...

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.

The new proposal by affiliate Amber Energy is $2 billion less than its original offer and has a different structure, in an ...

(Bloomberg) — An affiliate of Elliott Investment Management put forth an alternative offer to buy oil refiner Citgo Petroleum Corp. in a move that’s meant to address mounting criticism of its initial ...

On Thursday, OFAC issued General License 5Q forbidding any transactions involving the debt instrument until March 7, 2025.

HOUSTON (Reuters) - Hedge fund Elliott Investment Management on Monday pressed a court not to hold up its bid for Citgo Petroleum, saying the Venezuela-owned oil refiner's assets "are ...

The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to ...

The backlash to Elliott Investment Management's wholly-owned Amber Energy's offer ends any chance this year of a change to Citgo's ownership to satisfy debt defaults and expropriations by Venezuela.