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

A U.S. court organizing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum has approved a 30-day ...

Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a US license that allows the world’s largest ...

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

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

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 ...

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

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