Alexza said Lazard will help it examine how to enhance shareholder value, including a possible sale or disposition of one or more corporate assets, a strategic business combination, partnership, or other transactions.

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"We are pleased to have secured a sale of the business that protects 32 jobs in north Wales and secures value for the creditors of Selonda (UK) Limited, " said Roger Hale, joint administrator and director at PwC.

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Based on fair-value accounting rules, Goldman forced lower fire-sale marks on the industry which put some financial institutions out of business almost overnight.

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