US judge issues order to reopen Citgo data room, restart bidding
HOUSTON - A U.S. judge overseeing an auction of shares in the parent of Venezuela-owned Citgo Petroleum on Monday agreed to reopen a data room to allow potential buyers to prepare new bids, a court document showed.
"The virtual data room shall be reopened on December 18," Stark said in his order. A court officer supervising the auction and creditors must present their arguments on issues still in dispute in the coming days, he added. If those proposals are confirmed, the auction could set a stalking horse bid, which was not used in the first two bidding rounds this year.
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