Seeking Alpha

Auto-part manufacturer Wanxiang has won the bidding for the assets of bankrupt battery maker...

Auto-part manufacturer Wanxiang has won the bidding for the assets of bankrupt battery maker A123 Systems (AONE) auctioned this week, for a reported $250M-$260M. AONE filed for bankruptcy in October after a financing deal with Wanxiang fell through.
Comments (16)
  • buyitcheap
    , contributor
    Comments (1866) | Send Message
     
    pull the financing and buy the company?
    8 Dec 2012, 04:55 PM Reply Like
  • ConnorJacobson
    , contributor
    Comments (4) | Send Message
     
    Do the taxpayers get this money?
    8 Dec 2012, 05:09 PM Reply Like
  • wyostocks
    , contributor
    Comments (7712) | Send Message
     
    When pigs fly.
    8 Dec 2012, 07:34 PM Reply Like
  • Joseph Poma
    , contributor
    Comments (437) | Send Message
     
    Why would the tax payers get the money? A123 received a grant from the U.S. gov't which in turn received financing from China...
    9 Dec 2012, 06:17 AM Reply Like
  • Ron Reed
    , contributor
    Comments (282) | Send Message
     
    No.
    8 Dec 2012, 07:17 PM Reply Like
  • minecanary
    , contributor
    Comments (417) | Send Message
     
    Obama economics at work. Congress is going to give this guy a blank check on the national debt?
    8 Dec 2012, 07:49 PM Reply Like
  • herndon74
    , contributor
    Comments (5) | Send Message
     
    Obama don't have anything to do with the company that the government gives Subsidy or bail outs after the fact look at AIG there thanking the government and america and now are in talks of litigation to sue the government. that's just crazy but if u look at the record the companies that did receive Subsidies or bail outs have over a 90% success rate in the companies and people are blowing up over 2 or 3 companies that failed???????????
    9 Jan 2013, 03:31 PM Reply Like
  • politicsasusual
    , contributor
    Comment (1) | Send Message
     
    Government has given money to new business models since the beginning of time.. However, it seems that if it's Obama giving the money then it is some sort of Socialist Plot. Here are the facts. Since Obama has been in office many millions have been given away to promote stimulus, hence creating jobs. As of today their success rate is running at 82.5 percent. Great job Mr.. President. Keep up the good work.
    31 Jan 2013, 12:24 PM Reply Like
  • ithinksgreen
    , contributor
    Comments (2) | Send Message
     
    would shareholders get anything out of their investment?
    9 Dec 2012, 05:57 AM Reply Like
  • artorelli
    , contributor
    Comments (4) | Send Message
     
    this is my comment/question.... so what happens now to our shares of A123 Systems, Inc. (AONEQ) stock? now that Wanxiang won A123's assets
    9 Dec 2012, 05:57 AM Reply Like
  • ohgawdwhy
    , contributor
    Comments (2) | Send Message
     
    So what does this mean for shareholders?
    9 Dec 2012, 06:02 AM Reply Like
  • MT Pockets
    , contributor
    Comment (1) | Send Message
     
    Do shareholders get their money?
    9 Dec 2012, 06:07 AM Reply Like
  • roadking9800
    , contributor
    Comments (2) | Send Message
     
    Sounds like Johnson Controls from Milwaukee, WI. didn't feel A123 was worth it. I hope part of the purchase includes that Wanxiang has to pay us back right away. It is our money and we deserve it back since the company is now in China,
    9 Dec 2012, 06:08 AM Reply Like
  • alphav
    , contributor
    Comments (7) | Send Message
     
    Now what happens to the share value?
    9 Dec 2012, 06:08 AM Reply Like
  • baxon
    , contributor
    Comments (6) | Send Message
     
    at least $1,over per share; aone system ....
    9 Dec 2012, 06:17 AM Reply Like
  • ebusdk
    , contributor
    Comments (7) | Send Message
     
    A very well planned scam.
    If I were a US tax payer, I would feel cheated.
    IF they had gone through with the investmen-plan before they went under, we would all have made a good deal.

     

    But they didnt, and that is all part of the plan. The heads were paid to run it in to the ground, so they could buy it back at half the price.

     

    Right under our noses :(
    9 Dec 2012, 05:05 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|