Judge Backs Elliott's $6 Billion Bid for Citgo

A federal judge endorsed Elliott Investment Manage ment’s roughly $6 billion bid for Venezuela's shares of Citgo Petroleum, pushing the forced sale of the country’s prize foreign asset closer to completion.

- BY ANDREW SCURRIA

U.S. District Judge Leonard P. Stark approved a court-appointed special master’s selection of Elliott as the winning bid, saying that although it didn’t have the highest sticker price, it was the best all around bid and the one most certain to clo