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roofingisawesome

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roofingisawesome

Re: roofingisawesome post# 9695

Friday, 10/26/2012 7:02:18 PM

Friday, October 26, 2012 7:02:18 PM

Post# of 22017
Fisker requests BK Delay Today New Reuter's Article Fri Oct 26

http://www.reuters.com/article/2012/10/26/a123-bankruptcy-johnson-wanxiang-idUSL1E8LQEVA20121026

Quote:

Fisker on Friday objected to A123's plans to selling the company at an auction with an initial "stalking horse" bid from Johnson Controls, or JCI, for $125 million.

"The best interests of the estates, however, are not well served through a hasty and unfair sale process designed to ensure that JCI is the ultimate purchaser," Fisker said in its court filing.

It asked the court to extend bidding deadlines for 30 days.

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