Deals
Beacon Power Wins Judge’s Approval for Auction Procedures
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Beacon Power Corp., the maker of electricity-storage gear that received $43 million in backing from a program that supported failed solar-panel maker Solyndra LLC, won a bankruptcy judge’s approval of sale procedures.
Judge Kevin Carey signed an order in Wilmington, Delaware, today setting the deadline for non-binding indications of interest at Jan. 9; the final bid deadline at Feb 1; an auction of company assets on Feb. 3; and a sale-approval hearing Feb. 7.