A123 Systems (AONE) Affirms Ch. 11 Bankruptcy Filing; Enters $72.5M DIP Financing Agreement
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A123 Systems' (AONE) Execs Lobby for Bonus Plan, Employee Incentives
October 23, 2012 8:30 AM EDTA123 Systems (Nasdaq: AONE) shares are volatile once again Tuesday following an update to its bankruptcy and sale process.
According to Bloomberg data, A123 filed papers on October 19th seeking retention and incentive bonus programs for execs, along with a severance plan for about 940 current... More
A123 Systems (AONE) May Appeal Bankruptcy Judge to Auction Lithium-Ion Battery Unit (JCI)
October 19, 2012 9:26 AM EDTA123 Systems, Inc. (Nasdaq: AONE) is indicated higher Friday following reports that it is seeking a better offer for its automotive lithium-ion battery business.
According to Bloomberg, A123 is hoping to convince a U.S. bankruptcy court judge to hold an October 30th hearing for approval of auction and sale procedures related to the unit. Johnson Controls (NYSE: JCI), which... More
A123 Systems (AONE) Receives Bankruptcy Court Approval to Use $15.5M of DIP Financing
October 19, 2012 9:13 AM EDTA123 Systems, Inc. (Nasdaq: AONE) announced that yesterday the United States Bankruptcy Court for the District of Delaware (the "Court") granted the Company's request for certain "first day" orders that help support its business.
The Court granted A123 interim approval to use $15.5 million of its $72.5 million Debtor-in Possession ("DIP") financing from Johnson Controls, Inc. (NYSE: JCI) ("Johnson Controls") to support the Company's operations throughout... More
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
Notable 52-Week Highs and Lows of the Day 10/16: (SIRI) (KR) (MAT) High; (AONE) (RATE) (OCZ) Low
October 16, 2012 1:24 PM EDTThis report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.
52-Week High:Sirius XM (Nasdaq: SIRI) $2.82. Sirius getting an analyst boost today as BofA/Merrill added shares to its U.S. 1 List and Pivotal Research raised its price target 15 percent to $3.45.
The Kroger Co. (NYSE: KR) high of... 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, Inc. (AONE) files for bankruptcy protection in Delaware
October 16, 2012 8:51 AM EDTA123 SYSTEMS, Inc. (NASDAQ: AONE) files for bankruptcy protection in Delaware... More
