Bond traders are betting that Elliott’s planned $5.9 billion takeover of Citgo Petroleum Corp. will be derailed as the company reaps a windfall from rising oil prices, according to Bloomberg. Citgo is Venezuela’s most valuable overseas asset.
Bond traders are betting that Elliott’s planned $5.9 billion takeover of Citgo Petroleum Corp. will be derailed as the company reaps a windfall from rising oil prices, according to Bloomberg. Citgo is Venezuela’s most valuable overseas asset.