A123 Creditors Get Substantial Return Under Ch. 11 Plan
However, the plan — funded through the controversial $256.6 million sale of A123’s assets to China’s Wanxiang Group Corp. — does not anticipate any distributions for the company’s shareholders, according to a disclosure statement filed in Delaware bankruptcy court.
Subordinated noteholders owed nearly $144 million are among the unsecured creditors receiving a...
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