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.
The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the ...
Financial firm Elliott Investment Management's conditional offer for shares was accepted by a U.S. court officer overseeing ...
Goff, who joined Exxon in 2021 as part of a dissident slate of directors, was on Friday identified as CEO of Amber Energy, an ...
Amber Energy has been selected as the court-approved bidder for Citgo. “The transaction is expected to close in mid-2025,” ...
Creditors criticized the terms of a conditional offer in the auction of Citgo shares, driven by a bid that values the company at up to $7.286 billion. While the court looks to finalize the bid to ...
Company backed by activist investor Elliott Management selected by court-appointed special master to acquire iconic fuel ...
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