Post by
ugluuak on Mar 30, 2024 10:37am
Value ?
This is the latest and would indicate that things are solidifying re the bidders and the receivers !
https://www.reuters.com/markets/commodities/refiner-citgo-set-open-data-room-bidders-tied-court-auction-2024-03-27/
Comment by
slappyjo on Mar 30, 2024 10:58am
It's just part of the court-ordered sales process. Nothing new. Although the first round of bids were non-binding, the Special Master believes there won't be any bids higher than the $7.3B. Let's hope he is wrong. At this point, for GRZ to get the full amount owed, Citgo proceeds would need to be about $7.5B due to continuing interest accrual.
Comment by
ugluuak on Mar 30, 2024 4:42pm
Just over $10,000,000,000.00 ! When its over.
Comment by
slappyjo on Mar 31, 2024 8:21am
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