Battery maker Exide won bankruptcy-court approval for a restructuring that cuts $600 million from its $1 billion in debt and puts the company under the ownership of senior lenders who financed its stay under Chapter 11.
Exide Technologies has agreed to shutter its lead-acid battery recycling facility in Vernon, California, and pay $50 million in clean-up costs to avoid criminal prosecution for illegal storage of hazardous waste.
The article on this company has not been written yet. If you're the first person to write this article, it's a sure thing that you'll be credited as a Top Contributor. For tips on getting started, check out the sample article.
You may also be interested in articles related to Exide technologies (xide):