$90M Sale Of Solyndra Factory, HQ To Seagate Gets Clearance
By Lance Duroni (November 15, 2012, 2:14 PM EST) -- Solyndra LLC received a Delaware bankruptcy judge's blessing Thursday to sell its sprawling solar panel factory and headquarters in Fremont, Calif., to hard drive manufacturer Seagate Technology LLC for $90.3 million, wrapping up the company's yearlong liquidation.
At a court hearing, U.S. Bankruptcy Judge Mary F. Walrath approved Cupertino, Calif.-based Seagate's purchase of the 411,000-square-foot facility and surrounding 30 acres.
No other bidders turned up to challenge Seagate's stalking horse offer, according to Joshua Fried of Pachulski Stang Ziehl & Jones LLP, who represents Solyndra. The company resolved a handful of objections to the deal from creditors asserting mechanic's liens at...
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