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Syntax-Brillian Corporation : ウィキペディア英語版
Syntax-Brillian Corporation

Syntax-Brillian Corporation was an American corporation formed on November 30, 2005, by the merger of Syntax (seller of widescreen HDTV-ready LCD televisions) with Brillian Corporation (seller of Brillian brand televisions). The company sold HDTVs under the brand name of Ölevia and its stock was previously listed on the Nasdaq Stock Market under the ticker symbol BRLC. It was based in Tempe, Arizona. In 2009, it resolved a bankruptcy proceeding by selling all its assets to Emerson Radio Corp.
==Bankruptcy and delisting==
On July 8, 2008, Syntax-Brillian filed for protection under Chapter 11 of the U.S. Bankruptcy Code.〔(Company form 8K filed July 8, 2008 )〕〔(Syntax-Brillian Announces Asset Purchase Agreement, Files Voluntary Petition for Chapter 11 Reorganization to Facilitate Sale ), Company press release, July 8, 2008〕〔(Syntax-Brillian files for Chapter 11 amid suits, climbing debt ), The Arizona Republic, July 9, 2008〕 On July 21, 2008 the company reported that its stock was to be delisted from the Nasdaq Stock Market due to listing violations and its filing for protection under Chapter 11.〔(Syntax-Brillian Corporation Receives Notice of Delisting ) Company press release, July 21, 2008〕 Syntax-Brillian sees no value for its common stock after Chapter 11.〔(marketwatch.com, July 8, 2008 )〕〔(Syntax-Brillian Switches Off The Set ), Forbes.com, July 8, 2008〕
The company entered into an asset purchase agreement to sell all of its assets besides those of its Vivitar unit to newly created Olevia International Group, LLC, which is owned by TCV Group, provider of plastic injection molded parts for the Olevia branded widescreen HDTVs. In exchange for the purchased assets, Olevia International Group agreed to assume $60.0 million of Syntax-Brillian's secured debt. The proposed sale was anticipated to close by August 31, 2008.〔 However, the transaction with TCV Group never closed. Instead, in May 2009, Emerson Radio Corp. purchased the assets of Syntax-Brillian including the Olevia brand name.〔(Emerson Radio Corp. Acquires Assets of Consumer Electronics Brand Olevia )〕

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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