Tuesday, March 13, 2012

Reuters: Bankruptcy News: CORRECTED- Elpida chooses Nomura as adviser to seek new investor -sources

Reuters: Bankruptcy News
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CORRECTED- Elpida chooses Nomura as adviser to seek new investor -sources
Mar 13th 2012, 09:58

Tue Mar 13, 2012 5:58am EDT

TOKYO, March 13 (Reuters) - Elpida Memory Inc , which filed for bankruptcy last month, chose Nomura Securities as financial adviser for its search for a new investor to fund the company's revival, sources told Reuters.

Elpida Chief Executive Yukio Sakamoto has said that the company would draw up a rehabilitation plan within six weeks. The company is expected to name a new investor in the second half of this year. (Reporting by Taro Fuse; Writing by Junko Fujita; Editing by Edmund Klamann)

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