US judge denies Blue Water's request to extend Citgo parent's sale hearing
ReutersSep 15, 2025 1:25 PM
HOUSTON, Sept 15 (Reuters) - A request by special purpose acquisition company Blue Water to extend a final sale hearing in the U.S. court-ordered auction of shares of Citgo Petroleum's parent to consider its bid was denied by a Delaware judge on Monday.
Blue Water Acquisition Corp last week submitted an offer valued at $10 billion for the parent of Venezuela-owned refiner Citgo, which included a $3.2 billion settlement proposal to holders of a defaulted Venezuelan bond. The bid arrived after deadlines for submitting and improving bids.
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