CVR Energy Sinks After Poor Q3 Results, Suspends Dividend And Should Be Avoided
CVR Energy failed $8B bid for Citgo and unplanned outages at its refineries highlight the need for diversification. Find out why CVI stock should be avoided.
Hart Energy13d
Amber CEO Goff Resigns from Exxon Mobil Board
The CEO of Amber Energy Inc., the winning bidder of Citgo Petroleum for an auction price of $7.3 billion, resigned from Exxon ...
news.bloomberglaw14d
Citibank, Barclays Back Elliott Affiliate’s Citgo Bid: Filing
An affiliate of Elliott Investment Management said in a court filing that Citibank and Barclays are providing financing for its bid to purchase refiner Citgo Petroleum Corp. ’s parent company. The ...
KELO14d
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 deteriorating in ...
Investing14d
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 ...
The Business Journals15d
Southwest, Elliott reportedly consider end to proxy battle
This could end a months-long struggle between the Dallas-based airline and an activist investor. Southwest Airlines Co. and Elliott Investment Management LP are discussing a settlement that would ...