A123 Systems (AONE +8.7%) has given back the majority of its premarket gains, as investors...

|About: A123 Systems, Inc. (AONEQ)|By:, SA News Editor

A123 Systems (AONE +8.7%) has given back the majority of its premarket gains, as investors examine the details of its financing deal with China's Wanxiang Group, which features a bridge loan, convertible notes, and warrants. Forbes' Tom Konrad estimates Wanxiang will be able to acquire an 80% stake in A123 at a price of $0.55/share, moderately above its current level of $0.51. (Q2 miss)