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SunEdison Gets Nod On $150M Sale Of Solar Material Biz

Law360, New York (October 20, 2016, 6:26 PM EDT) -- SunEdison on Thursday got approval from a New York bankruptcy judge to sell its solar material business to Chinese green energy firm GCL-Poly for $150 million, as SunEdison continues to divest assets in Chapter 11.

U.S. Bankruptcy Judge Stuart Bernstein approved the sale during a court hearing in Manhattan. The assets being acquired by GCL-Poly include business units that manufacture and develop solar panels and other solar energy components. SunEdison designated GCL-Poly the successful bidder for the assets earlier this week.

Attorneys said at the hearing...
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