Daewoo Electronics on the block again
Daewoo Electronics is put up for sale a second time as the Videocon-Ripplewood bid fails, highlighting some of the risks in the M&A advisory business.
Creditors of Daewoo Electronics, who own a controlling interest in the Korean company, are once again looking for a buyer for the business. The lending group failed to close a deal with the Videocon-Ripplewood consortium which won the earlier round of bidding in October 2006, with an offer in the range of $750 million.
Neither the buy- or sell-side have clarified exactly why the winning consortium will not be moving forward with its bid, although, at various stages over the...
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