Latest news with #RedTreeInvestments
Bloomberg
4 days ago
- Business
- Bloomberg
Elliott Affiliate Weighs New Bid for Citgo as Legal Risks Ease
An Elliott Investment Management affiliate is considering rejoining the bidding for Citgo Petroleum Corp. 's parent company, according to people familiar with the matter. The affiliate, Amber Energy, had pulled out of the sale last month, leaving three groups of bidders to compete for the asset, including Red Tree Investments LLC, Vitol and a consortium led by Gold Reserve. But since then, other potential buyers, including TPG Angelo Gordon, have entered the contest, lured by easing legal risks related to the sale.
Yahoo
21-04-2025
- Business
- Yahoo
US judge confirms Red Tree's offer as starting bid in Citgo parent's shares auction
HOUSTON (Reuters) -A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds' affiliate Red Tree Investments as the starting bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors and bondholders, according to a court filing. The offer had been recommended by a court officer overseeing the auction due to its certainty of closure. Sign in to access your portfolio
Reuters
21-04-2025
- Business
- Reuters
US judge confirms Red Tree's offer as starting bid in Citgo parent's shares auction
HOUSTON, April 21 (Reuters) - A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds' affiliate Red Tree Investments as the starting bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors and bondholders, according to a court filing. The offer had been recommended by a court officer overseeing the auction due to its certainty of closure.
