Electrolux, Bosch bid for Daewoo Elec-report

Newswire

May 31 (Reuters) - Electrolux and Bosch are among five companies planning initial bids of $250 million or more for South Korea's electronics maker Daewoo Electronics, local media reported on Thursday. Bids are expected to reach 300 billion Korean won to as much as 450 billion Korean won ($255 million to $382.6 million), depending on whether Daewoo's unused factory in the South Korean city of Incheon is included in the sale, according to the Maeil Business Newspaper. Daewoo's leading ...

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