The thing that bothers me most is the bondholders who are on the Creditor's Committee are also short the stock. Bondholders almost always short the stock as a hedging transaction. It's like the fox guarding the hen house. They get .61 on the dollar for their bonds and 100% return on their short position. Of course they are going to approve the deal. Who is looking out for the common stockholders? Where is GE, the largest shareholder?
"If the foreign investment committee has not approved the sale by January 15, the deal could still close by transferring A123 to a trust controlled by U.S. citizens, which would not need CFIUS approval."
US Citizens? As in taxpayers? As in Obama's research group? How about transferring it stock holders and let us liquidate it. LOL