Solyndra says it needs more time
Photographer: KJRH
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 09/18/2011
Tulsa - A California solar company with ties to Tulsa says it needs more time to find buyers.
Solyndra received a $535 million federal loan over two years.
Federal agents raided the company last week when it suddenly closed its doors and laid off 1000 workers.
The FBI has not said what prompted the raid.
In court documents filed on Friday the company said it now proposes to accept bids until late October. The Department of Energy guaranteed the $535 million loan, which Solyndra says may not be repaid in full.
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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