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Shipping firm drops Hynix bid

9/20/2011 01:00 AM EDT
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resistion
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CEO
re: Shipping firm drops Hynix bid
resistion   9/21/2011 12:51:21 AM
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@Peter, I had forgotten about its debt situation, thanks for the reminder. If there are no takers, what will the South Korean govt do?

Peter Clarke
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re: Shipping firm drops Hynix bid
Peter Clarke   9/20/2011 12:24:54 PM
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Well the banks that converted the debts Hynix owed them into equity nearly a decade ago are trying to get out, so I doubt it. You may remember that the debts, to a consortium of banks, built up when Hynix was bailed out to prevent it disappearing after a DRAM market collapse.

resistion
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re: Shipping firm drops Hynix bid
resistion   9/20/2011 1:52:14 AM
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It's an odd bid. I guess it is trillion won. Maybe a bank or VC will step in?

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