Latest news with #ContrarianFunds'
Yahoo
21-04-2025
- Business
- Yahoo
US judge confirms Red Tree's offer as starting bid in Citgo parent's shares auction
HOUSTON (Reuters) -A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds' affiliate Red Tree Investments as the starting bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors and bondholders, according to a court filing. The offer had been recommended by a court officer overseeing the auction due to its certainty of closure. Sign in to access your portfolio
Reuters
21-04-2025
- Business
- Reuters
US judge confirms Red Tree's offer as starting bid in Citgo parent's shares auction
HOUSTON, April 21 (Reuters) - A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds' affiliate Red Tree Investments as the starting bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors and bondholders, according to a court filing. The offer had been recommended by a court officer overseeing the auction due to its certainty of closure.
