Deals
Ex-Battery Maker B456 Wins Court Approval of Bankruptcy Plan
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B456 Systems Inc., the bankrupt electric-car battery maker formerly called A123 Systems Inc., won court approval of a plan to exit bankruptcy that pays creditors from the proceeds of selling virtually all its assets.
U.S. Bankruptcy Judge Kevin Carey approved the company’s plan after most objections were resolved prior to today’s hearing in Wilmington, Delaware.