REFILE-Germany's Loewe says investors have pulled out of purchase deal

Mon Feb 24, 2014 1:27pm EST

FRANKFURT Feb 24 (Reuters) - Insolvent German television maker Loewe said on Monday that an investor group had backed out of a deal to purchase its core television business.

A group of investors, including a former senior manager at Apple and Bang & Olufsen, said in January that they would buy Loewe's core television business for an undisclosed price.

Loewe on Monday called on the investors to complete the deal and said it did not believe there was any legal basis for them to withdraw from the purchase contract and that it is considering legal action.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article