A123 Systems fka AONEQ

[khaliis]

alot of potential here. Imagine 74 people in here for one company and the bidding starts at 125 million . 500 million is pretty possible because a123 seems to be very valuable to everyone
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Shortly before the presidential election, A123 filed for bankruptcy protection. In its filings, A123 said it had contacted 74 potential suitors, but only Wanxiang offered to invest in A123 as a whole prior to its bankruptcy. Other offers were limited to acquiring portions of the business. At the same time, A123 announced a prepackaged deal in which Johnson Controls would acquire A123's automotive portfolio for $125 million. That amount is where the bidding begins.