Elliott Affiliate’s $5.89 Billion Bid Recommended as Winner of Citgo Auction

Elliott Recommended as Citgo Buyer With $5.89 Billion Proposal

An Elliott Investment Management affiliate emerged as the recommended bidder in the court-ordered auction of Citgo Petroleum Corp.’s parent, offering $5.89 billion and a deal to pay off bondholders that have a pledge on the asset.

$2 Billion Lower Amber Energy Bid Recommended by Special Master in CITGO Sale Process

PEMBROKE, Bermuda -- Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that its Delaware subsidiary, Dalinar Energy Corporation (“Dalinar Energy”), was not selected by the Special Master as the recommended bidder for the purchase of the shares of PDV Holding, Inc. (“PDVH”), the indirect parent company of CITGO Petroleum Corp., in the sales process being conducted by the U.S. District Court fo…

Elliott affiliate’s $5.89 billion bid recommended as winner of Citgo auction

By Marianna Parraga HOUSTON (Reuters) -A $5.89 billion bid from an affiliate of hedge fund Elliott Investment Management has been recommended as the winner of a U.S. court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to documents filed late on Friday by the officer overseeing the sale process. Improved bids emerged in the final stages of the auction, spurred by court rulings in parallel legal ca…

Elliott affiliate's $5.89B bid recommended as winner of Citgo auction

HOUSTON — A $5.89 billion bid from an affiliate of hedge fund Elliott Investment Management has been recommended as the winner of a U.S. court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to documents filed…

Elliott Affiliate recommended as winner in $5.89 billion Citgo auction