JCI cites ‘national security’ in sale appeal
Dec 18, 2012 | 04:14 PM
| 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 Wanxiangs 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).....
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