Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation
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FEBRUARY 14, 2012
As part of its bankruptcy plan, ECD intends to sell through separate sales its wholly owned operating subsidiary United Solar Ovonic LLC (USO) and other assets, including its minority stake in Ovonyx, Inc. million in outstanding 3% Convertible Senior Notes due 2013. Sale of United Solar. Solar Integrated Technologies, Inc.
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