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01/29/2013 08:12:42 AM EST

US Clears Chinese Co.'s $257M Bid For Bankrupt A123

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Law360: Bankruptcy

A U.S. Treasury Department committee has approved Chinese auto parts giant Wanxiang Group Corp.’s $256.6 million purchase of bankrupt battery maker A123 Systems Inc., the head of Wanxiang’s U.S. unit said Tuesday. Read More...