Solyndra Postpones Auction of Assets

Solyndra, the solar panel maker that famously went bust after inking $535 million in federal loan guarantees and roughly $1 billion in venture capital, has postponed an auction for its California manufacturing plant, Reuters reported Thursday. The auction has been put off for two months, and will allow new buyers to examine the company's assets, Solyndra's lawyers said.

17 November 2011•2 mins read
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