auction
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt Tupperware (NYSE:) Brands agreed on Tuesday to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief, canceling its plans for an open-market auction of its assets. The food storage and kitchen…
By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) – Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela would lock in the fund’s low-ball bid, the company’s creditors said in new court filings against the deal.…
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -India’s government on Tuesday said it will allot spectrum for satellite broadband administratively and not via auction, hours after Elon Musk criticized the auction route being sought by rival billionaire Mukesh Ambani as “unprecedented”. In what is seen as a battle…
By Marianna Parraga HOUSTON (Reuters) – Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to decide the ownership of oil refiner Citgo Petroleum, threatening to derail an auction to compensate more than a dozen companies for unpaid…
A rare Danish gold coin could fetch more than $1 million when it goes to auction next month, kicking off the sale of one of the most mysterious coin collections ever.The 1496 King Hans Gold Noble coin is part of the collection that once belonged to Danish businessman and butter…
By Marianna Parraga, Gary McWilliams and David French HOUSTON (Reuters) – An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing in the last mile of a U.S. court auction for Citgo Petroleum, according to three people familiar with the…
By Marianna Parraga and Gary McWilliams HOUSTON (Reuters) – A U.S. federal court will likely extend a period for reviewing bids submitted in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, three people close to the matter said, which would delay a resolution to the seven-year-long…
By Marianna Parraga HOUSTON (Reuters) – At least five groups of investors submitted binding bids this month in a U.S. court-ordered auction of shares in Citgo Petroleum’s parent, and three have secured financing commitments for Venezuela’s foreign crown jewel, people close to the matter said. In the last mile of…
One of the most valuable privately-owned coin collections is headed to auction later this year after spending more than a century shrouded in secrecy.The collection once belonged to Danish businessman and butter tycoon Lars Emil Bruun, who spent decades compiling the nearly 20,000 coins, bank notes, and medals that comprise…
The public auction of Tesla’s bulked-up Cyberbeast truck is ending soon.A Foundation series Cyberbeast is up for auction at Sotheby’s Motorsport, and the window to place a bid is only hours away from closing. Those who want to skip the line of car buffs hoping to own one can submit…
