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Continuing to work with prospective buyers on alternative transactions
May 7, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
Energy Conversion Devices, Inc. (ECD) and its wholly-owned subsidiary United Solar Ovonic LLC (USO) announced that they are cancelling the auction of the going concern sale of USO scheduled for May 8, 2012 and discontinuing the court-approved sale process because of the failure to receive an acceptable qualified bid by the bid deadline. Quarton Partners, the companies’ investment banker, is continuing to work with prospective buyers on alternative transactions. In addition, the compani...
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