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Evergreen Solar files for bankruptcy, plans asset sale
By Greg Turner And Jerry Kronenberg
Monday, August 15, 2011 -
Monday, August 15, 2011 -
Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months. The cash-strapped company announced today has sought a reorganization in U.S. Bankruptcy Court in Delaware and reached a deal with certain note holders to restructure its debt and auction off assets.
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