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Exide Technologies Prepares For Bankruptcy Filing-DJ

Thursday, 6 Jun 2013 02:59pm EDT 

Dow Jones reported that Exide Technologies is preparing for a potential bankruptcy-protection filing by this summer, said people familiar with the matter. The Company, which makes and recycles lead-acid batteries for vehicles and other machines, has suffered amid declining profitability due in part, it has said, to steep restructuring expenses, weaker-than-expected demand in some markets and higher lead input costs. It also has contended with scrutiny at a California battery-recycling facility, where operations are suspended pending the outcome of a public hearing amid allegations the Company's stormwater system violated state regulations. 

Company Quote

-0.0039 -6.09%
19 Dec 2014