Post by
ugluuak on Oct 30, 2023 6:15pm
More waiting !!!!
https://www.reuters.com/markets/deals/delaware-court-will-not-seek-stalking-horse-bid-citgo-auction-2023-10-23/
we will all be pushing up daisies before this is over
Comment by
mrmoribund on Oct 30, 2023 10:23pm
Looks like less waiting. They probably already know substantial interest in CITGO is there without any need for stalking horse. They're saving a step. Sounds great.
Comment by
slappyjo on Oct 31, 2023 6:18am
mrmoribund, i believe you are correct. this is a positive and shows there is probably a lot of interest, thus no minimum bid is necessary. A Trinidadian company who no one's ever heard of - Decker Petroleum and Marketing - told the court it wants to participate in the sale.