Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Standard view
Full view
of .
Look up keyword
Like this
0 of .
Results for:
No results containing your search query
P. 1
AOne Bankruptcy Auction

AOne Bankruptcy Auction

Ratings: (0)|Views: 15,690|Likes:

More info:

Published by: DistressedDebtInvest on Dec 13, 2012
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less





RLF1 7705711v.1
------------------------------------------------------------In re:A123 SYSTEMS, INC., et al.,Debtors.
 ------------------------------------------------------------x::::::::xChapter 11Case No. 12-12859 (KJC)Jointly Administered
Sale Hearing Date: December 11, 2012 at 2:00p.m. (ET)
On October 16, 2012, the above-captioned debtors and debtors in possession(collectively, the “
filed the
 Motion of Debtors for Order (I) Under 11 U.S.C. §§105(a), 363, 365, 503, 507 and 
1146(a), Fed. R. Bankr. P. 2002, 6004, 6006, 9007 
and 9014 and  Del. Bankr. L.R. 2002-1, 6004-1
9006-1 Authorizing and Approving (A) Bidding Proceduresin Connection with the Sale of Certain Assets of the Debtors, (B) Stalking Horse Bid Protections,(C) the Form and Manner of Notice of the Sale Hearing and (D) Related Relief; and (II) Under 11 U.S.C. §§ 105(a), 363, 365, 503, 507 and 1146(a), Fed. R. Bankr. P. 2002, 6004, 6006, 9007 and 9014 and Del. Bankr. L.R. 2002-1, 6004-1 and 9006-1 Authorizing (A) the Sale of Certain Assets of the Debtors Free and Clear of All Claims, Liens, Liabilities, Rights, Interests and  Encumbrances Except for Permitted Encumbrances; (B) the Debtors to Enter into and PerformTheir Obligations Under the Asset Purchase Agreement; (C) the Debtors to Assume and AssignCertain Executory Contracts and Unexpired Leases; and (D) Related Relief 
[Docket No. 34],
The Debtors in these Chapter 11 Cases, along with the last four digits of each Debtor’s federal taxidentification number, are: A123 Systems, Inc.
(3876); A123 Securities Corporation (5388); and Grid StorageHoldings LLC
(N/A). The above-captioned Debtors’ mailing address is
c/o A123 Systems, Inc., 200 West Street,Waltham, Massachusetts 02451.
Capitalized terms not defined herein shall have the meanings ascribed to such terms in the BiddingProcedures Order (defined below).
RLF1 7705711v.1
 seeking to sell certain of their assets through a sale pursuant to Section 363 of the BankruptcyCode (the “
On November 8, 2012, the United States Bankruptcy Court for the District of Delaware (the “
”) entered the
Order (I) Approving Bid Procedures in Connection withSale of Certain Assets of the Debtors; (II) Scheduling Hearing to Consider Sale of Assets;(III) Approving Form and Manner of Notice Thereof; (IV) Approving Break-Up Fee and Expense Reimbursement and (V) Granting Related Relief 
[Docket No. 314] (the “
Bidding ProceduresOrder
Pursuant to the Bidding Procedures Order,
the Debtors held an Auction for thesale of certain of their assets. The Auction commenced on December 6, 2012 at the Chicagooffice of Latham & Watkins LLP. The Auction concluded at approximately 1:00 p.m. CentralTime on December 9, 2012.4.
On December 8, 2012, the Debtors announced that the Successful Bidders areWanxiang America Corporation and Navitas Systems, LLC.5.
Attached hereto as Exhibit 1 is the final transcript from the Auction (the “
Noticeof Auction Transcript
”). This Notice of Auction Transcript will also be posted on the websiteof the Debtors’ claims and noticing agent, Logan & Company, Inc., at www.loganandco.com.6.
The Debtors will seek Court approval of the Sale at the Sale Hearing, which isscheduled to commence on December 11, 2012 at 2:00 p.m. Eastern Time.
RLF1 7705711v.1
 Dated: Wilmington, Delaware RICHARDS, LAYTON & FINGER, P.A.December 10, 2012
 /s/ Amanda R. Steele__________________
 Mark D. Collins (No. 2981)Michael J. Merchant (No. 3854)Amanda R. Steele (No. 5530)920 N. King StreetWilmington, Delaware 19801Telephone: 302-651-7700Facsimile: 302-651-7701Email: collins@rlf.commerchant@rlf.comsteele@rlf.com- and -D. J. BakerRosalie W. GrayAdam S. RavinLATHAM & WATKINS LLP885 Third AvenueNew York, New York 10022-4834Telephone: 212-906-1200Fax: 212-751-4864Email: dj.baker@lw.comrosalie.gray@lw.comadam.ravin@lw.comandCaroline A. RecklerMatthew L. WarrenLATHAM & WATKINS LLPSuite 5800233 South Wacker DriveChicago, IL 60606Telephone: (312) 876-7700Fax: (312) 993-9767Email: caroline.reckler@lw.commatthew.warren@lw.comCounsel for Debtors and Debtorsin Possession

Activity (18)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
bogrady1983 liked this
geneshtark liked this
geneshtark liked this
ptseng liked this
Vinny Sareen liked this

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->