Wow Elliott contemplating bid for parent of Citgo Petroleum Elliott Investment Management is considering a bid for shares in the parent company of oil refiner Citgo Petroleum as part of a US court-ordered auction, reported Reuters, citing sources. Elliott’s interest comes as a group of creditors, represented by Centerview Partners, attempts to attract ConocoPhillips to join a competing offer, sources familiar with the situation told the publication. Centerview, an investment bank, has been engaged to prepare a potential bid on behalf of investors and creditors seeking to recover claims for expropriations and debt defaults from Venezuela’s foreign assets in a federal court in Delaware. offshore-technology.com/news/elliott-c…
@chigrl @TradersCom Cmon Tracy, get your PE team together and make a pass at them. What's a few billion in today's environment. A few phone calls?
@chigrl Has Elliot ever run anything? I thought they only blackmailed…