The bidders do not include the usual suspects, such as Big Oil giant Exxon Mobil or major refiner Phillips 66. Instead the finalists are activist investor group Elliott Investment Management, Canada-listed miner Gold Reserve, and an upstart special-purpose acquisition company named Blue Water. The latter is led by a biotech investor and a long-shot New York mayoral candidate pledging to take Citgo public.
Milton's ongoing fight against the subpoena issued by creditors of his bankrupt electric trucking company raises questions about his financial transparency amid ongoing legal battles.