Exide (XIDE +20%) gets interim court approval of a variety of motions towards its restructuring,...

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

Exide (XIDE +20%) gets interim court approval of a variety of motions towards its restructuring, including the approval of its $500M Debtor-in-Possession financing agreement with JPMorgan Chase to continue the uninterrupted operation of its global business. Standard & Poors cuts its rating to D on the news.