Solyndra Delays Auction As Good Bids Fail To Materialize

Law360, New York (November 17, 2011, 1:34 PM EST) -- Embattled solar panel maker Solyndra LLC told a Delaware bankruptcy court Wednesday that it had not received any acceptable bids for its assets by a deadline that day and that it would postpone a looming auction until January.

Solyndra — which filed for Chapter 11 protection on Sept. 6 and has come under fire from House Republicans over a $535 million government stimulus loan guarantee — has been looking to sell substantially all of its assets, including its California manufacturing plant, on a turnkey basis. There...
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