LG Electronics Denies Report It Seeks to Buy Suntech Power
Stock Chart for LG Electronics Inc (066570)
LG Electronics Inc. (066570) is not seeking to buy solar-cell maker Suntech Power Holdings Co., Ken Hong, a Seoul-based spokesman for the South Korean company, said by telephone, denying an earlier report by MoneyToday. The Korean- language news agency said LG has held talks to buy Suntech Power, and that a 1.06 trillion won rights offering may be for funding an acquisition.
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