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Wind turbine parts maker AMSC (AMSC -2.3%) trades lower after the company terminates its $265M...

Wind turbine parts maker AMSC (AMSC -2.3%) trades lower after the company terminates its $265M acquisition agreement for Finnish peer The Switch Engineering Oy, citing adverse market conditions for financing the deal. The collapse of the deal is the latest in a series of setbacks for the company, having earlier faced contractual issues with its largest customer, China-based Sinovel Wind Group, who failed to pay for its deliveries over two quarters.
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