A123 (AONE +27.1%) shares roar higher after Wanxiang President Ni Pin says his company is still...

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

A123 (AONE +27.1%) shares roar higher after Wanxiang President Ni Pin says his company is still interested in taking over A123 despite the company filing for Chapter 11 this week and calling off its investment deal with the Chinese autoparts firm. Ni tells Bloomberg that the filing may make A123 more attractive. "Bankruptcy court is like a filter that lets a dirty big boy covered with mud go through it and turn himself into a clean boy," Ni says.