Bloomberg News

STX May Make Hynix Bid With Middle East Sovereign Wealth Fund

July 06, 2011

July 6 (Bloomberg) -- STX Group may make a bid for a controlling stake in Hynix Semiconductor Inc. with a Middle East sovereign wealth fund, the company said today in an e-mailed statement, without naming the fund. STX Corp. will lead the bidding group, which will not need to borrow to fund the purchase, according to the statement.

To contact the reporter on this story: Seonjin Cha in Seoul at scha2@bloomberg.net

To contact the editor responsible for this story: Bomi Lim at blim30@bloomberg.net


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