JCI cites ‘national security’ in sale appeal
Dec 18, 2012 | 04:14 PM
| Daniel Fitzgerald
Tags
Johnson Controls,
JCI,
A123 Systems,
Wanxiang Group,
Wanxiang America,
lead batteries,
Alex Molinaroli,
Daniel Fitzgerald
NEW YORK — Johnson Controls Inc. has filed an appeal against the sale order of A123 Systems Inc. to Wanxiang America Corp. while reiterating its concerns about "national security questions" arising from such a sale.
JCI said it filed the appeal in bankruptcy court against Wanxiang’s approved purchase in a bid to obtain the breakup fee and expense reimbursement under its original stalking horse agreement with Waltham, Mass.-based A123 (amm.com, Oct. 18).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here