UPDATE: Exide Technologies (XIDE) Drops in Mid-Day Trading

April 4, 2013 2:11 PM EDT
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(Updated - April 4, 2013 2:25 PM EDT)

(Updated - April 4, 2013 2:16 PM EDT)

Exide Technologies (Nasdaq: XIDE) dropped in mid-day trading on Thursday. Reports from Los Angeles say the city counsel expressed fury about recent arsenic emission from a batter-recycle plant in Vernon, which could pose a danger to 110,000 residents. Attorneys in L.A. are looking into possible legal action.

Update: Reports from Debtwire say traditional refinancing efforts stalled, citing people familiar with the matter. The company will now seek alternative restructuring.

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