Catsimatidis Going For Tulsa's SemMaterials - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Catsimatidis Going For Tulsa's SemMaterials

Posted: Updated:
Catsimatidis is the chairman of the Red Apple Group which controls five of the nine seats on SemGroup's management committee. Catsimatidis is the chairman of the Red Apple Group which controls five of the nine seats on SemGroup's management committee.

News On 6

NEW YORK, NY -- John Catsimatidis has made a bid for all the assets of SemMaterials, a subsidiary of the bankrupt energy company.

Catsimatidis is the chairman of the Red Apple Group which controls five of the nine seats on SemGroup's management committee.

SemGroup is considering the bid.

Last month, the company asked a federal judge for permission to sell SemMaterials.  Catsimatidis believes that sale would be premature and says he's working on a reorganization plan for all of SemGroup's assets.

02/12/2009  Related Story: Catsimatidis Responds To SemGroup Lawsuit

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.