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US court inclined to deny motion to disqualify Elliott bid for Citgo parent
Yahoo Financeยท 2025-09-10 16:53
By Marianna Parraga HOUSTON (Reuters) - A Delaware court is inclined to deny a motion made last month by miner Gold Reserve to disqualify a rival bid for the parent of Venezuela-owned refiner Citgo Petroleum from an affiliate of hedge fund Elliott Investment Management, Judge Leonard Stark said in a filing on Wednesday. The court is set to begin the final sale hearing next week in the court-organized auction of shares aimed to pay creditors for past expropriations and debt defaults by Venezuela. The hea ...