Potential Buyers Show Little Interest In Solyndra
FREMONT (CBS/AP) – The Fremont solar panel manufacturer that received a half-billion dollar loan from the federal government has been unable to attract much interest from potential buyers to take over its operations.
Instead, Solyndra is looking at a piecemeal sale of its assets, with separate auctions for its machinery and equipment, real estate and intellectual property.
Solyndra LLC officials told a U.S. bankruptcy trustee Tuesday that no qualified bidders have come forward for the whole company.
Solyndra’s chief restructuring officer says a handful of potential bidders are still conducting due diligence, but he would be surprised if one came forward with a reasonable offer to take over Solyndra.
The company was once touted by the Obama administration as a “green jobs” creator. Solyndra is not the focus of an investigation led by Republican members of the U.S. House of Representatives.
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