Citgo, elliott investment management
Citgo share auction creditors oppose terms of Elliott-affiliate's bid
Creditors seeking proceeds from a U.S. court-ordered auction of shares in a parent of Citgo Petroleum to compensate them for Venezuela's debt defaults and expropriations on Tuesday widely criticized terms of a conditional offer selected in the second bidding round.
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-Led Group Named As Winner of Auction to Acquire Venezuela’s Citgo Petroleum
Elliott and other U.S. investors have agreed to pay nearly $7.3 billion to acquire Citgo’s parent company, with proceeds set to help compensate creditors of the bankrupt Venezuelan government.
Elliott affiliate 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,
Amber Energy Named Winning Bidder for CITGO
A special master selected the company, which plans to focus on operational improvements, strategic growth efforts and more.
A firm known for big corporate shakeups is behind a bid to buy Citgo. Here’s what it means for Houston
Several hundred employees at Citgo Petroleum’s Houston headquarters can be sure of only one thing as an affiliate of a ...
Citgo Retirees Seek Initial Approval of Benefits Suit Settlement
Citgo Petroleum Corp. retirees asked a federal court to preliminarily approve a $14.8 million settlement of their class ...
CITGO Hosting Annual Marketer Roundtable Meetings for 2024
CITGO Petroleum Corporation recently launched its 36th annual Marketer Roundtable meeting series to review brand strategies and programs for the year ahead, while providing opportunities for direct ...
The New York Times7d
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 ...
Convenience Store News4d
Amber Energy on Track to Acquire CITGO
Company backed by activist investor Elliott Management selected by court-appointed special master to acquire iconic fuel ...
Lake Charles American Press2d
Top bidder for Citgo is Amber Energy
Amber Energy has been selected as the court-approved bidder for Citgo. “The transaction is expected to close in mid-2025,” ...
Elliott's conditional offer selected in Citgo share auction case, sources say
Financial firm Elliott Investment Management's conditional offer for shares was accepted by a U.S. court officer overseeing ...
Convenience Store News16h
Community Service Spotlight: CITGO, Little General Stores & Love's Travel Centers
NATIONAL REPORT — Giving back through community service efforts and charitable donations is a positive force that keeps many retailers and suppliers of this industry moving ahead. On a regular basis, ...