Summarize two articles Essay Example | Topics and Well Written Essays - 250 words

Summarize two articles - Essay ExampleBankrupt companies in Japan seem to find a way out of their debts by inviting foreign enterprises to bail them out. One example is Elpida Memory which agreed to be taken over by the American Company, micrometer Technology for $760 million with the expectation that $1.8 billion be made to pay for Elpidas debts in banks and other secured creditors at 70% of what they are owed. Unsecured creditors of Elpida, on the other hand only get 20-30% of what they are owed. This has caused much uproar amongst bondholders who complain that the Micron offer was way below the value of the Elpida company, which they claim is precious at $3.8 billion. Hence, they have resorted to seeking other sponsors to take over. In the past, Japan would not have allowed such battle to happen since investors rolled over cash while a restructuring was forced upon them. The government would force the takeover of a bankrupt company, causing negative outcomes for the company itsel f and its employees, and being a burden to the economy. Nowadays, bankruptcy is a real option due to more openness to foreign take-overs rescuing failed Japanese