Advisors in the sale of a controlling stake in Hynix Semiconductor are tapping potential bidders as shareholders are now open to new bids for the world’s No.2 memory chipmaker after STX pulled out, an official with one of the shareholders said.
Following its contender’s withdrawal, the country’s top mobile carrier SK Telecom was left as sole bidder for the stake, casing a shadow over shareholders’ efforts to find a new owner after previous aborted attempts.
Lead shareholder Korea Exchange Bank said on Wednesday it would allow new bidders to participate in the stake sale in the interests of valid competition.
Regards,
Don
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