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Active Power signs asset purchase deal with U.K.-based Langley

Sep. 30, 2016 9:03 AM ETActive Power, Inc. (ACPW) StockBy: Carl Surran, SA News Editor25 Comments
  • Active Power (NASDAQ:ACPW) agrees to sell substantially all assets and operations to U.K.-based engineering firm Langley Holdings for a "nominal purchase price," while maintaining its operations in Austin, Tex.; trading is halted.
  • ACPW had said in July that it would seek strategic alternatives, including a potential sale of the company.

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