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Quercus Trust acquires Applied Solar assets
06 November 2009 | Design-BuildSolar | Comments (1)
Applied Solar has now finalized the previously announced sale of its assets and operations to Quercus APSO LLC, the wholly owned subsidiary of The Quercus Trust. Quercus APSO LLC, intends to change its name and conduct business as Applied Solar, LLC. With the consummation of the transaction, Applied Solar will have the benefit of a much stronger balance sheet and little or no long-term debt.
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