EXIDE BANKRUPTCY NEWS: Dow Jones Bankruptcy Review: Exide could go up for sale before Christmas if bankruptcy deal isn’t reached
Ailing battery maker Exide Technologies could be up for sale before Christmas if it can’t come to terms with key creditors on a Chapter 11 bankruptcy-exit plan, new court papers say.
Lenders have agreed to extend the maturity date on bankruptcy financing, but required Exide to agree to an “orderly sale process” if it can’t finalize a plan-support agreement by Nov. 17, according to papers filed Monday in the U.S. Bankruptcy Court in Wilmington, Del.
