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Citgo Auction
Posted on 1/23/24 at 7:08 am
Posted on 1/23/24 at 7:08 am
Has anyone been keeping up with this? First round Bids were supposed to be in by 1/22. Going to be interesting. Could be a big boost to who ever buys the company.
Posted on 1/23/24 at 11:17 am to Tigernomics
quote:Yes. I expect the stated calendar to be delayed, but it will likely sell eventually. The bidder list was believed to be very limited due to the overhang of the geopolitics, but supposedly the data room has been very active.
Has anyone been keeping up with this?
Crazy win for the small mining company out of Canada that brought all of this to a head.
Posted on 1/30/24 at 9:20 am to Big Scrub TX
Did they release the bidder list yet?
Posted on 1/30/24 at 2:49 pm to Tigernomics
quote:I think it's going to be kept private for now. The 2nd round of bidding is in May.
Did they release the bidder list yet?
LINK
Posted on 2/29/24 at 7:04 am to Big Scrub TX
Bump.
Anyone heard anything new?
Anyone heard anything new?
Posted on 2/29/24 at 4:20 pm to LSURoss
They are one of my customers, I haven't heard anything new yet.
Posted on 6/18/24 at 8:49 am to Big Scrub TX
/ Financial alliances build as Citgo share auction enters last mile
quote:
Wall Street banks JPMorgan (JPM.N), opens new tab and Morgan Stanley (MS.N), opens new tab, and advisors and investors Rothschild & Co (PIEJF.PK), opens new tab and Elliott Investment Management have secured financing for several offers, the people said.
quote:
Results are expected to be announced in mid-July, according to the court's auction schedule. A July 2 update by the court official supervising the auction, Robert Pincus, could provide new details on the offers and investors.
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