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UP Trend

12/06/12 2:28 PM

#15529 RE: LostBall #15523

Great news!!! This is gonna be a war with atleast 4 big players already bidding!
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protagonist12

12/06/12 2:40 PM

#15544 RE: LostBall #15523

Thanks. One thing which I found very positive about the article is: "The U.S. government has also warned it must give its consent before its $249 million grant to A123 can be transferred to a new owner." In other words the article is saying that the Government will not attempt to go after DOE grant funds that A123 has already collected, in the event that Wanxiang wins bid. As a side note, the remaining portion of grant money due A123 is $132 million and this is not built into assets in the same way the $100 million in Michigan tax credits are. Think of it as a bonus to the winning bidder.