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UPDATE 1-U.S. says A123 sale requires its consent
Reuters: Mergers News
Wed, 28 Nov 2012
Nov 28 (Reuters) - The U.S. government said bankrupt A123 Systems Inc cannot be sold without its consent because the battery maker received a $249 million grant from the Energy Department, according...
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A shorter, more orderly bankruptcy process is good news for distressed debt investors, but it does shift the game a little bit, says Third Avenue's Jeff Gary.