Category: Citgo
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Citgo Bidding Opened to Others to Try to Top Elliott Firm
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Breadcrumb links BMN Business A US judge has reset the bidding process for Citgo Petroleum Corp’s parent company. Late Tuesday, a move that would create competition for Elliott Investment Management’s bid to buy the oil refinery. Article writer: Bloomberg News Jeff Feeley, Nicole Yabor, and Andrina Itriago Acosta Posted on…
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Exxon director joins Elliott group seeking to acquire Citgo Petroleum By Reuters
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HOUSTON (Reuters) – Exxon Mobil (NYSE:) Director Gregory Goff recently joined a newly formed Elliott Investment Management-backed firm seeking to acquire Venezuelan-owned oil refiner Citgo Petroleum. Citgo and Exxon are competitors in the automotive fuel and lubricants business. Exxon is the third largest oil refiner in the United States by…