Sunday, June 9, 2013

Reuters: Bankruptcy News: Battery maker Exide Technologies files for bankruptcy

Reuters: Bankruptcy News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
Battery maker Exide Technologies files for bankruptcy
Jun 10th 2013, 05:54

June 10 | Mon Jun 10, 2013 1:54am EDT

June 10 (Reuters) - U.S. battery maker Exide Technologies filed for Chapter 11 bankruptcy protection early on Monday, court documents showed, with the aim of cutting debt and implementing a restructuring plan to better compete in the market.

Exide estimated liabilities and assets of more than $1 billion dollars, according to the court filing.

The company said the Chapter 11 filing applies to the U.S. parent only.

The case is Exide Technologies, Case No. 13-11482, U.S. Bankruptcy Court, District of Delaware.

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

0 comments:

Post a Comment

 
Great HTML Templates from easytemplates.com.