Blue Water Acquisition Corp III Unit-Blue Water Moves to Secure Court Approval for $10 Billion CITGO Acquisition Plan

Accessibility StatementSkip Navigation WILMINGTON, Del., Sept. 30, 2025 /PRNewswire/ -- Blue Water Venture Partners, LLC ("Blue Water"), an entity affiliated with JosephÂ Hernandez, the Chairman and Chief Executive Officer of Blue Water Acquisition Corp III ("BWAC III") announced today that it has formally requested approval from the United States District Court for the District of Delaware to consider its unsolicited $10 billion bid for the assets of CITGO Petroleum Corporation. The motion, filed September ...