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Pantech Puts Itself Up for Sale


 

Posted: 28 Sep 2014
Pantech Puts Itself Up for Sale

Pantech, based in Korea, has staked a For Sale sign in its front lawn. The company, which declared the equivalent of bankruptcy last month, is seeking a buyer to scoop up the entire business.

Pantech found itself unable to compete with Samsung and LG, which are also based in Korea.

The company believes it will fetch a higher price if sold as a single entity (approx. $366 million) rather than broken up and sold in pieces (approx. $181 million). Bids for the company are due in early October.

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