International

Edison International's  Edison Mission Energy has filed for Chapter 11 bankruptcy protection after reaching a settlement with Edison International and certain of its senior unsecured noteholders. Read the article in Daily Bankruptcy Review.

K-V Pharmaceutical Co. , which filed for bankruptcy this summer after running afoul of government regulators, has lined up a trio of investment firms to pay off a rival drug maker and to fund its exit from Chapter 11. Read the Daily Bankruptcy Review article here.

A federal judge on Tuesday approved the sale of A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, to China’s Wanxiang America Corp. for $256.6 million. Read the Daily Bankruptcy Review article here.

Chinese-owned auto-parts manufacturer Wanxiang America Corp. won the bidding for A123 Systems Inc. , the government-backed battery maker that has yet to turn a profit, at a bankruptcy auction that ended early Saturday morning, The Wall Street Journal reports.

A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, is set to be the unlikely object of a bidding war when its assets hit the auction block on Thursday. Read the Daily Bankruptcy Review article here.