Judge Kevin Carey, who welcomed competitive bidding for A123 (AONE:$0.075,0$0.02,0036.36%) , is scheduled to rule on the initial bidder on Oct. 30.
"It's nice that the debtor has become the popular girl at the dance with at least two bidders, maybe more," he said.
A123 (AONE:$0.075,0$0.02,0036.36%) also has attracted bidders for its non-automotive operations, which includes grid storage batteries.
Wanxiang must receive approval from the Committee on Foreign Investment in the United States and the government of China to acquire A123 (AONE:$0.075,0$0.02,0036.36%) . The Chinese company will submit its proposals next week, Guzina said.
