A $3.7 billion bid from Red Tree Investments addresses parallel litigation risks but falls short of the total claims and CITGO’s valuation.

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

A US court monitoring the high-profile auction of shares in Citgo Petroleum’s parent company has allowed a 30-day bidding ...

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 ...

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

A group of Venezuela bondholders have found a path to be repaid through the auction of the country’s U.S.-based oil refiner ... The leading bid for Citgo’s U.S. holding company would give ...

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 ...

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

US judge confirms Red Tree's offer as starting bid in Citgo ... to gain control of oil refiner Citgo Petroleum from Venezuela would lock in the fund's low-ball bid, the company's creditors said ...

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 ...

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 ...