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 ...
Rigzone7d
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 ...
Reuters25d
Citgo auction creditors assail Elliott bid, seek rival offers
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.
U.S. News & World Report25d
Elliott Defends Citgo Offer in the Face of Creditors' Objections
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 ...
Crude Oil Prices7d
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.
Venezuelanalysis6d
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 ...