Aug 28, 12:32 AM

Amber Energy Affiliate Elliott Tops Gold Reserve in Citgo Auction; Dalinar Energy Raises Bid, Final Decision Next Month

An affiliate of Elliott Investment Management, Amber Energy, has emerged as the frontrunner in the auction to purchase the parent company of Citgo Petroleum, surpassing the offer from a group led by miner Gold Reserve, according to a court-appointed adviser and a U.S. court officer. However, Gold Reserve has filed a motion to disqualify Elliott's bid, challenging its validity in court. In response, Gold Reserve's subsidiary, Dalinar Energy, submitted an improved bid in the court-organized auction. A final decision on the winning bid is expected next month.

#Elliott Investment Management #Amber Energy #Citgo Petroleum #Gold Reserve #Elliott #Dalinar Energy

Written with ChatGPT (GPT-4).

Sources

AlbertoRodNews@AlbertoRodNews
3 months ago
Reuters | La unidad de Gold Reserve aumenta la oferta en la subasta por Citgo https://t.co/5Dka4M5wX5
Reuters@Reuters
3 months ago
Gold Reserve's unit raises bid for Citgo parent in court-led auction https://t.co/xNW80SI7dA https://t.co/xNW80SI7dA
Reuters Legal@ReutersLegal
3 months ago
Miner Gold Reserve said on Thursday that its subsidiary Dalinar Energy has submitted an improved bid for the parent company of refiner Citgo Petroleum in a court-organized auction, with a final decision on the winning bid expected next month. https://t.co/lDQdxcD5Eh

Amber Energy Affiliate Elliott Tops Gold Reserve in Citgo Auction; Dalinar Energy Raises Bid, Final Decision Next Month

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