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Venoco (VQ +1.8%) CEO Timothy Marquez receives a "highly confident" letter about some of the...

Venoco (VQ +1.8%) CEO Timothy Marquez receives a "highly confident" letter about some of the financing he needs to take the natural-gas focused company private. Venoco agreed in January to a $12.50 offer from Marquez and last week extended until July 20 his deadline for securing the necessary funds. (PR)
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Comments (2)
  • PNG
    , contributor
    Comments (34) | Send Message
     
    So Marquez making all this noise, for a year or so now, about taking the company private but doesn't have the financing needed.

     

    Seems like agreements for financing should be available when a offer is first proposed. A lot of these companies work like the federal government.
    20 Jun 2012, 08:52 AM Reply Like
  • gbarker
    , contributor
    Comments (6) | Send Message
     
    I think Marquez is trying to buy VQ at 12.50. I think he has the financing .but does not want to pay more.
    20 Jun 2012, 09:14 AM Reply Like
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