BLUWU
Blue Water Acquisition Corp. III Unit.
stock NASDAQ

Friday after market close news, posting here also.
[Blue Water Acquisition Corp. III Announces Submission of $10 Billion Bid for PDV Holding Inc., Parent of Citgo Petroleum Corp.](https://www.prnewswire.com/news-releases/blue-water-acquisition-corp-iii-announces-submission-of-10-billion-bid-for-pdv-holding-inc-parent-of-citgo-petroleum-corp-302548060.html) \- BLUW BLUWW
"Blue Water Acquisition Corp. III (Nasdaq: [BLUWU](https://www.prnewswire.com/news-releases/blue-water-acquisition-corp-iii-announces-submission-of-10-billion-bid-for-pdv-holding-inc-parent-of-citgo-petroleum-corp-302548060.html#financial-modal)) ("Blue Water" or the "Company") today announced that it has submitted a $10 billion bid to acquire PDV Holding Inc., the parent company of Citgo Petroleum Corp., in a Delaware court-supervised auction process.
The Company's proposal would provide cash or stock distributions to PDV Holding Inc.'s general creditors, a $3.2 billion settlement for holders of the PDVSA 2020 bonds to be paid either in cash or in shares of the publicly listed entity that will own Citgo."
"Founded in 1910, Citgo was originally an American company before being acquired in the 1980s and 1990s by Venezuela's state-owned oil company, PDVSA. Blue Water's proposal would return Citgo to U.S. ownership as a fully public, publicly-listed company, accountable to U.S. regulators and investors."
Guess this is in the "Letter of Intent" category, until the "Delaware court-supervised auction process" concludes.

[Blue Water Acquisition Corp. III Announces Submission of $10 Billion Bid for PDV Holding Inc., Parent of Citgo Petroleum Corp.](https://www.prnewswire.com/news-releases/blue-water-acquisition-corp-iii-announces-submission-of-10-billion-bid-for-pdv-holding-inc-parent-of-citgo-petroleum-corp-302548060.html) \- BLUW BLUWW
"Blue Water Acquisition Corp. III (Nasdaq: [BLUWU](https://www.prnewswire.com/news-releases/blue-water-acquisition-corp-iii-announces-submission-of-10-billion-bid-for-pdv-holding-inc-parent-of-citgo-petroleum-corp-302548060.html#financial-modal)) ("Blue Water" or the "Company") today announced that it has submitted a $10 billion bid to acquire PDV Holding Inc., the parent company of Citgo Petroleum Corp., in a Delaware court-supervised auction process.
The Company's proposal would provide cash or stock distributions to PDV Holding Inc.'s general creditors, a $3.2 billion settlement for holders of the PDVSA 2020 bonds to be paid either in cash or in shares of the publicly listed entity that will own Citgo."

Friday after market close news, posting here also.
[Blue Water Acquisition Corp. III Announces Submission of $10 Billion Bid for PDV Holding Inc., Parent of Citgo Petroleum Corp.](https://www.prnewswire.com/news-releases/blue-water-acquisition-corp-iii-announces-submission-of-10-billion-bid-for-pdv-holding-inc-parent-of-citgo-petroleum-corp-302548060.html) \- BLUW BLUWW
"Blue Water Acquisition Corp. III (Nasdaq: [BLUWU](https://www.prnewswire.com/news-releases/blue-water-acquisition-corp-iii-announces-submission-of-10-billion-bid-for-pdv-holding-inc-parent-of-citgo-petroleum-corp-302548060.html#financial-modal)) ("Blue Water" or the "Company") today announced that it has submitted a $10 billion bid to acquire PDV Holding Inc., the parent company of Citgo Petroleum Corp., in a Delaware court-supervised auction process.
The Company's proposal would provide cash or stock distributions to PDV Holding Inc.'s general creditors, a $3.2 billion settlement for holders of the PDVSA 2020 bonds to be paid either in cash or in shares of the publicly listed entity that will own Citgo."
"Founded in 1910, Citgo was originally an American company before being acquired in the 1980s and 1990s by Venezuela's state-owned oil company, PDVSA. Blue Water's proposal would return Citgo to U.S. ownership as a fully public, publicly-listed company, accountable to U.S. regulators and investors."
Guess this is in the "Letter of Intent" category, until the "Delaware court-supervised auction process" concludes.

[Blue Water Acquisition Corp. III Announces Submission of $10 Billion Bid for PDV Holding Inc., Parent of Citgo Petroleum Corp.](https://www.prnewswire.com/news-releases/blue-water-acquisition-corp-iii-announces-submission-of-10-billion-bid-for-pdv-holding-inc-parent-of-citgo-petroleum-corp-302548060.html) \- BLUW BLUWW
"Blue Water Acquisition Corp. III (Nasdaq: [BLUWU](https://www.prnewswire.com/news-releases/blue-water-acquisition-corp-iii-announces-submission-of-10-billion-bid-for-pdv-holding-inc-parent-of-citgo-petroleum-corp-302548060.html#financial-modal)) ("Blue Water" or the "Company") today announced that it has submitted a $10 billion bid to acquire PDV Holding Inc., the parent company of Citgo Petroleum Corp., in a Delaware court-supervised auction process.
The Company's proposal would provide cash or stock distributions to PDV Holding Inc.'s general creditors, a $3.2 billion settlement for holders of the PDVSA 2020 bonds to be paid either in cash or in shares of the publicly listed entity that will own Citgo."