Hosted on MSN15d
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 ...
Reuters on MSN15d
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 ...
Creditors challenge hedge fund’s bid for Citgo Petroleum in court
Recently, creditors for Citgo Petroleum have raised significant concerns regarding a proposed court agreement with the US ...
Bloomberg L.P.29d
Elliott’s Citgo Bid Sets Up Venezuela Investors for Rare Win
Venezuela’s state oil company hasn’t paid bondholders a dime in the last five years. Yet, investors who’ve held on to one particular security are getting ready for a massive payoff.
The Globe and Mail16d
Citgo auction creditors assail Elliott bid, seek rival offers
Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela would lock in the fund’s lowball bid, the company’s ...
Financial Post1mon
Elliott's Citgo Bid Sets Up Venezuela Investors for Rare Win
That will make Elliott responsible for satisfying the bondholder claims because the collateral on the notes is shares in an affiliated company — the parent of Citgo Petroleum Corp. It represents a ...