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US judge approves Elliott affiliate bid for Citgo Petroleum parent
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US judge approves Elliott affiliate bid for Citgo Petroleum parent
Nov 25, 2025 11:33 AM

HOUSTON, Nov 25 (Reuters) - A U.S. judge on Tuesday

adopted a recommendation for the approval of a $5.9 billion bid

from an affiliate of Elliott Investment Management in the

court-organized auction of Citgo Petroleum's parent, clearing

the way to order the sale of the seventh largest U.S. refiner.

Judge Leonard Stark, from Delaware, overruled all pending

objections to the bid, but gave parties involved until Nov. 28

to submit any final objections to the offer before moving to the

final sale order.

(Reporting by Nathan Crooks in Houston)

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