A U.S. court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum has proposed to ...

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

Gold Reserve Ltd.’s main value driver is its ICSID award, with the Citgo share auction offering the most realistic path for ...

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

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

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 ...

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

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 ...

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, ...