HOUSTON (Reuters) -A U.S. judge overseeing a court-ordered auction of shares in the parent of refiner Citgo Petroleum said on Tuesday he is inclined to receive briefings about the bid recommended as winner through October 15, with oral arguments presented on October 20-21 and final replies due by October 28, according to a court filing. […]
U.S.
US judge proposes to extend Citgo auction timeline to late Oct
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HOUSTON (Reuters) -A U.S. judge overseeing a court-ordered auction of shares in the parent of refiner Citgo Petroleum said on Tuesday he is inclined to receive briefings about the bid recommended as winner through October 15, with oral arguments presented on October 20-21 and final replies due by October 28, according to a court filing.
A court officer recommended last month a $5.9 billion bid from an affiliate of hedge fund Elliott Investment Management as winner, but Delaware judge Leonard Stark has not made a final decision.
(Reporting by Marianna Parraga; Editing by Nathan Crooks)