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US judge confirms Red Tree's offer as starting bid in Citgo parent's shares auction

By Yahoo! Finance   |   3 weeks ago
US judge confirms Red Tree's offer as starting bid in Citgo parent's shares auction

A U.S. federal judge approved a $3.7 billion bid from Red Tree Investments to begin an auction of shares in Citgo Petroleum's parent company to repay creditors. The offer was chosen for its reliability in closing the deal.

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