The items below are taken from the Business Bankruptcy News Bulletin. A full issue contains information on dozens of companies. Please visit the insideARM bookstore for information on subscribing to the Bulletin.
Abundant Renewable Energy LLC, a Newburg, Or. maker of small-scale wind turbines, could be bought out of bankruptcy proceedings by Helix Wind Corp. of San Diego, Ca. The purchase price could be in the range of $4 million to $6.5 million in cash and stock, but the deal depends on Helix arranging financing by 11/1. The purchase must also be approved by the U.S. Bankruptcy Court.
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