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17

Billionaire Bill Koch Doesn’t Have to Sell His Oxbow Carbon

By Tony Seruga

Delaware Supreme Court reverses order for sale of company
Two investors sought forced sale of petroleum-coke producer

William Koch, founder and chief executive officer of Oxbow Carbon & Minerals LLC Billionaire Bill Koch doesn’t have to sell his Oxbow Carbon LLC so two private equity firms can recoup an investment of more than $250 million in the energy company, an appeals court ruled, reversing a lower-court order.

The Delaware Supreme Court said Thursday that a trial judge misconstrued an investment agreement when he ruled that Crestview Partners LLC and Load Line Capital LLC could force the sale of Oxbow…

Billionaire Bill Koch Doesn’t Have to Sell His Oxbow Carbon

Categories : Private Equity

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