"A123 confirms Wanxiang wins bid for bankrupt battery maker" ($AONE)

"Wanxiang's bid of $256.6 million topped a joint bid from Johnson Controls Inc of Milwaukee and Japan's NEC Corp for the maker of lithium-ion batteries. The sale did not include A123's Michigan-based government business that works with the U.S. Defense Department, which was instead sold to Navitas Systems for $2.25 million"