Exide Technologies (XIDE -16.3%) is preparing to file for potential bankruptcy protection by...

|About: Exide Technologies (XIDEQ)|By:, SA News Editor

Exide Technologies (XIDE -16.3%) is preparing to file for potential bankruptcy protection by this summer, WSJ reports. Any filing likely wouldn't include XIDE's European operations, which account for more than half the company's revenues. XIDE carries ~$700M in debt, and there's concern it won't be able to repay a ~$56M convertible note due in September.