Monday, September 24, 2007

Can we have a do-over, please?

Sanyo Electric Co.'s semiconductor subsidiary is for sale, and apparently the auction isn't going to close until the sellers get a result they like. The subprime mortgage shock to global credit markets has made potential buyers nervous, while the banks holding Sanyo's corporate debt are eager to put a floor under the sale. Nikkei Business has the story.

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