If you need to know about batteries; you’ve come to the right place Chinese flag 点击这里访问我们的中文网站 Chinese flag

Lead battery maker Exide Technologies receives ‘Stalking Horse’ bid for Americas business from US recycling firm

Fri, 07/10/2020 - 11:15 -- Paul Crompton

Troubled US lead-acid battery maker Exide Technologies has entered into an agreement to sell its Americas business operations to EX Holdings, a wholly owned subsidiary of secondary lead producer Quexco Incorporated.

The Stock and Asset Purchase Agreement includes a ‘Stalking Horse’ bid of around $170 million in cash subject to adjustments, along with the assumption of certain liabilities related to the acquired assets. 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.