Replies to post #33442 on GT Advanced Technologies Inc fka GTAT

[stocksablaze]

nevermind, found it:

GT Strikes Deal For $45M Ch. 11 Asset Sale
By Cara Salvatore

Law360, New York (March 31, 2015, 8:23 PM ET) -- A unit of sapphire maker GT Advanced Technologies Inc. requested a New Hampshire bankruptcy court's blessing Tuesday for a $45 million sale of sapphire furnaces and the maintenance of an IP licensing deal, which would hand off furnaces originally intended to make screens for Apple Inc. phones to an unknown Chinese buyer.
The move would take GTAT closer to an exit from its tumultuous foray into the sapphire sales business, which unraveled after a massive deal with Apple went sour. Under the proposed deal, Hong Kong-based GT Advanced Technologies Ltd. would sell the furnaces to the unnamed company for $45 million. The number of furnaces is redacted in the document but is under 300 and appears to be over 10.