US judge proposes to extend Citgo auction timeline to late Oct

HOUSTON (Reuters) -A U.S. judge overseeing a court-ordered auction of shares in the parent of refiner Citgo Petroleum said on Tuesday he is inclined to receive briefings about the bid recommended as winner through October 15, with oral arguments presented on October 20-21 and final replies due by October 28, according to a court filing.

A court officer recommended last month a $5.9 billion bid from an affiliate of hedge fund Elliott Investment Management as winner, but Delaware judge Leonard Stark has not made a final decision.

(Reporting by Marianna Parraga; Editing by Nathan Crooks)

You May Also Be Interested In

• Paramount and California to hold preliminary talks on Warner Bros deal, NYT reports
• Chinese robot beats Usain Bolt's 100m world record at Beijing games
• Putin says Ukraine opened 'Pandora's box' with strikes on economic targets