U.S. Bankruptcy Court
The sale of United Solar as a going concern won’t happen. Its parent company, Energy Conversion Devices, Monday announced that the assets related to the United Solar Ovonic LLC thin, flexible solar panel business will be sold at auction June 26.
The Wall Street Journal is reporting that an Arizona private equity firm is among those in discussions to buy Ann Arbor-based bookseller Borders Group.
A federal bankruptcy judge grants Borders Group interim approval of temporary financing and approves a plan to close 200 stores.