Samsung Makes Bid For Balance Of Ast
Samsung Electronics Co. said Thursday it wants to buy the rest of troubled personal computer maker AST Research Inc. for $469 million.
Samsung, which already owns about 49 percent of AST, said the company needs further support to compete in the competitive PC industry. AST has struggled to recover from losses caused by development and manufacturing mistakes.
AST said its board formed a special committee to evaluate the proposal, which includes the assumption of about $307 million in AST debt.