New bids deadline is June 11.

I asked copilot what a company would have to pay in legal fees to make up a bid for Citgo. This is a partial reply I cut out to show value. It said it didn't know bid cost for Citgo but in general max is around$10,000. 

The legal fees incurred by a company during the bidding process for Citgo can vary significantly based on several factors. Let’s explore some relevant information:

1. Citgo Valuation:

   • Citgo, a Houston-based refiner, has been valued at approximately $32 billion to $40 billion ahead of the auction of its shares. This valuation is crucial because it determines the overall financial stakes involved in the bidding process1.
   • However, it’s essential to note that the claims before the court exceed $22 billion, which is much greater than the estimated market value of Citgo2.