Delaware court will not seek a stalking horse bid in Citgo auction

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Delaware court will not seek a stalking horse bid in Citgo auction
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Prelude to the Best Sommelier of Canada Contest | SaltWireHOUSTON - The U.S. federal court officer overseeing an auction of shares in oil refiner Citgo Petroleum's parent to pay Venezuela-linked creditors said on Monday he will not seek a stalking horse bid to set a minimum price for the shares.

Potential bidders will be approached by the court, or they may also seek to be included in the sales process, wrote Special Master Robert Pincus in a filing. It will keep two rounds of bidding.

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