Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Most Read from Bloomberg The affiliate, Amber Energy Inc., submitted the best bid for Citgo's US parent, PDV Holding, Robert Pincus, the court-appointed special master who oversaw the process, said in a filing Friday. The sale is intended to satisfy Venezuela creditors holding more than $20 billion in claims. The group won out over other bidders interested in wresting control of Citgo from Petroleos de Venezuela SA, Venezuela's state-owned oil company. The interim recommendation from Pincus is subject to a final decision by him and court approval. After Pincus submits his final recommendation, other bidders have the option to top Elliott's bid during a 45-day period, according to the filing. Elliott has a right to terminate the agreement if the special master's motion to block other creditors trying to attach the asset through different courts is denied. The Citgo sale closes a chapter on Venezuela's move more than 20 years ago to nationalize foreign businesses operating in t
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News
- ConocoPhillips wins judge's approval to seize payments to Venezuela's PDVSA [Seeking Alpha]Seeking Alpha
- Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid [BNN Bloomberg (Canada)]BNN Bloomberg
- Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid [Financial Post (Toronto, Ontario, Canada)]Financial Post
- ConocoPhillips (NYSE: COP) had its price target lowered by analysts at Wells Fargo & Company from $150.00 to $132.00. They now have an "overweight" rating on the stock.MarketBeat
- ConocoPhillips (COP) Fell Due to Lower Oil Prices [Yahoo! Finance]Yahoo! Finance
COP
Earnings
- 8/1/24 - Miss
COP
Sec Filings
- 9/12/24 - Form SD
- 9/4/24 - Form 4
- 9/4/24 - Form 3
- COP's page on the SEC website