Delaware Judge Accepts $5.89B Bid For Control Of Citgo

By Caroline Simson · November 25, 2025, 2:05 PM EST

A Delaware federal judge on Tuesday approved a $5.892 billion bid from hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and satisfy billions of dollars' worth...

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Case Information

Case Title

Crystallex International Corporation v. Bolivarian Republic of Venezuela

Case Number

1:17-mc-00151

Court

Delaware

Nature of Suit

Other Statutory Actions

Date Filed

June 19, 2017