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Venoco extends financing deadline for CEO

By   /  Tuesday, June 12th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Venoco extends financing deadline for CEO

Venoco has extended CEO Tim Marquez’s deadline to July 20 to disclose how he will finance his effort to take the company private. Marquez’s buyout of the company, which is based in Denver but has about 150 employees in the Tri-Counties, was approved by shareholders on June 5. But at the time of the approval, Read More →

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Latest

Venoco shareholders approve CEO takeover bid

By   /  Friday, June 8th, 2012  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Venoco shareholders approve CEO takeover bid

Venoco CEO Tim Marquez, a former petroleum engineer, has proven that he has the shareholder votes to take his company private. But does he have the money? The question came into sharp focus on June 5, when Venoco shareholders approved Marquez’s bid to buy the 49 percent of the company’s shares he doesn’t already own Read More →

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Latest

Venoco sued over CEO’s offer

By   /  Friday, September 2nd, 2011  /  Banking & Finance, Law, Top Stories, Tri-County Public Companies  /  Comments Off on Venoco sued over CEO’s offer

A shareholder of Venoco has filed a lawsuit to block a proposal by the CEO of the oil and gas company to buy the half of the company he doesn’t already own, alleging that the proposed buyback undervalues the firm. Tim Marquez, the CEO and president of Venoco, has offered $12.50 per share to buy Read More →

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