A123 creditors back sale to Chinese company

Newswire

By Tom Hals WILMINGTON, Del, Dec 11 (Reuters) - The creditors of bankrupt A123 Systems Inc are supporting a Chinese company's controversial bid for the U.S. maker of electric car batteries, the creditors' attorney said on Tuesday. The attorney, William Baldiga, said he expects the sale to be quickly approved by a bankruptcy court later Tuesday, but China's Wanxiang Group still needs regulatory clearance to acquire A123, which was funded partly with U.S. ...

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