A Delaware court has approved Red Tree Investments' $3.7 billion bid as the starting offer in the court-mandated auction of ...

The leading bid for Citgo favors creditors whose collateral rights over the refiner are in dispute.

A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds' affiliate Red Tree Investments as the ...

A second attempt to hold an auction that could determine control of Citgo is moving forward after a federal judge on Monday approved the designation of a $3.699 billion offer as the stalking horse bid ...

A U.S. federal judge has approved a $3.7 billion bid by Red Tree Investments, an affiliate of Contrarian Funds, as the lead ...

A U.S. court is expected to confirm or reject in coming days a $3.7 billion offer by a Contrarian Funds affiliate aimed at ...

Elliott Investment Management argues that streamlining Phillips 66 would improve the company's performance, but critics point out that Elliott is in a bidding competition to acquire Citgo, which is a ...

The complex auction meant to repay 18 creditors for debt defaults and expropriations by Venezuela and state oil company PDVSA was ... shambles amid arguments over Citgo's worth and parallel ...

Bermudian-headquartered Gold Reserve Ltd is contesting a US court-appointed recommendation to designate Red Tree Investments as the lead bidder in the sale of Citgo Petroleum Corp's parent company, ...

Phillips 66 is cautioning shareholders that activist investor Elliott's pursuit of Citgo, a competitor, may conflict with ...

Oil magnate Harry Sargeant ... to temper hostilities between the U.S. and Venezuela. On Friday, the Trump administration ordered his oil-trading company to leave the South American country.