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share auctionReuters
•81% Informative
Creditors seeking proceeds from a U.S. court-ordered auction of shares in a parent of Citgo Petroleum on Tuesday widely criticized terms of a conditional offer selected in the second bidding round.
Elliott Investment Management affiliate on Friday was named the presumptive winner of the share auction with a bid that puts an up to $7.286 billion enterprise value on Venezuela -owned oil refining company Citgo .
VR Score
92
Informative language
97
Neutral language
79
Article tone
formal
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English
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56
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short-lived
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