A123 Systems (AONE) Rips Higher on $50M DIP Court Approval
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A123 Systems, Inc. (Nasdaq; AONE) shares are ripping higher in early trade after receiving court approval to put $50 million of debtor-in-possession (DIP) financing to work. Wanxiang Group Corp provided the DIP financing, which A123 noted doesn't give it any further leverage or control over the company.
Chatter of the approval started during market hours on Monday.
Shares are up over 20 percent Tuesday morning.
Chatter of the approval started during market hours on Monday.
Shares are up over 20 percent Tuesday morning.
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