EIG Cries Foul After Catalyst-Backed Bid Wins Pacific Auction

  • EIG CEO says its offer was 'superior' on any relevant metric
  • Noteholders and banks would have better returns with EIG: CEO

EIG Global Energy Partners is crying foul after its restructuring plan for Pacific Exploration & Production Corp. was rejected this week in favor of another bid by private equity firm Catalyst Capital Group that was spearheaded by Pacific’s co-chairmen.

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