Wednesday, July 23, 2014





Judge OKs sale of former Solyndra headquarters


February 19. 2013 5:34PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) A Delaware bankruptcy judge has approved the sale of failed solar power company Solyndra's former headquarters to Seagate Technology for about $90 million.


The judge approved the sale Thursday.


Solyndra received a $528 million loan from the Obama administration to build the Fremont, Calif., headquarters that is 412,000 square feet.


Last month, the judge overruled government objections and approved Solyndra's bankruptcy exit plan, under which taxpayers will recover little if anything.


Government lawyers are appealing that ruling. It allows two private equity funds that control Solyndra to potentially reap hundreds of millions of dollars in tax breaks after Solyndra emerges from bankruptcy, using the company's net operating losses to offset future income.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds