Elliott-Linked Firm Makes Best Bid for Citgo

Elliott-Linked Firm Makes Best Bid for Citgo

A company affiliated with hedge fund Elliott Management has emerged as the frontrunner in the bidding for the parent company of U.S.-based Citgo, the Venezuelan refiner that has been locked in disputes for years now. Amber Energy has made a better bid than the previous frontrunner, a consortium led by mining company Gold Reserve, Reuters reported, citing court documents. Now, the consortium must improve its bid to match Amber Energy’s or lose it…

Elliott's Bid for Citgo Tops Gold Reserve's, Court Adviser Says

(Bloomberg) — A court-appointed adviser said a revised bid filed by Amber Energy, an affiliate of Elliott Investment Management, topped Gold Reserve’s offer in the latest bidding round to purchase the parent company of Citgo Petroleum Corp.

Elliott’s Bid for Citgo Tops Gold Reserve’s, Court Adviser Says

A court-appointed adviser said a revised bid filed by Amber Energy, an affiliate of Elliott Investment Management, topped Gold Reserve’s offer in the latest bidding round to purchase the parent company of Citgo Petroleum Corp.

Elliott affiliate takes lead in $7bn Citgo auction

An affiliate of Elliott Investment Management has emerged as the frontrunner in the high-stakes auction of Citgo Petroleum’s parent company, PDV Holding, after submitting an improved offer that now tops a rival $7.4bn bid from Gold Reserve’s Dalinar Energy, according to a report by Reuters. The report cites a court filing as revealing that Delaware court officer Robert Pincus said Elliott’s vehicle Amber Energy presented the strongest bid in the…