HOUSTON - The U.S. federal court officer overseeing an auction of shares in oil refiner Citgo Petroleum's parent to pay Venezuela-linked creditors said on Monday he will not seek a stalking horse bid to set a minimum price for the shares.
Potential bidders will be approached by the court, or they may also seek to be included in the sales process, wrote Special Master Robert Pincus in a filing. It will keep two rounds of bidding.Comment Guidelines We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
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