A123 Systems (AONE) Gets Event of Default Waived on $75M Loan Interest Payment
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A123 Systems (AONE) Updates on DIP Agreement; Total Outstanding Obligations at $22.5M
October 17, 2012 7:23 AM EDTOn October 16, 2012, A123 Systems, Inc. (Nasdaq: AONE) and its subsidiaries A123 Securities Corporation and Grid Storage Holdings LLC entered into an asset purchase agreement (the Asset Purchase Agreement) with Johnson Controls, Inc. (JCI), pursuant to which JCI agreed to acquire the Companys automotive business assets and certain liabilities, including all of its automotive technology, certain products and customer contracts, its facilities in Livonia and Romulus, Michigan and the Companys equity interest in Shanghai Advanced Traction Battery Systems Co. Ltd., the Companys joint venture with SAIC Motor Co., Ltd., for an aggregate purchase price of $116 million.... More
A123 Systems (AONE) Sinks Lower After Filing for Bankruptcy Protection
October 16, 2012 8:56 AM EDTA123 Systems, Inc. (Nasdaq: AONE) is extending losses early Tuesday following headlines that the company has filed for bankruptcy protection in Delaware.
The potential was hinted at in... More
A123 Systems (AONE) Extends After-Hours Slide, Now Down 50%+
October 15, 2012 6:23 PM EDTA123 Systems, Inc. (Nasdaq: AONE) is now down over 50 percent since announcing it would be entering default on several note classes and its looking at a "broad set of strategic alternatives to address its liquidity constraints including one or more potential transactions and is... More
A123 Systems (AONE) resumes trading, now down 4.2%
October 15, 2012 5:57 PM EDTA123 Systems (Nasdaq: AONE) resumes trading, now down 4.2 percent.... More
A123 Systems (AONE) to resume trading at 5:55pm ET
October 15, 2012 5:38 PM EDTA123 Systems, Inc. (Nasdaq: AONE) to resume trading at 5:55pm EDT.... More
A123 Systems (AONE) trading halted with news pending
October 15, 2012 5:25 PM EDTA123 Systems (Nasdaq: AONE) trading halted with news pending.... More
