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Waltham Firm Filing For Bankruptcy

Waltham firm in big money trouble.

Johnson Controls has announced it will purchase Waltham-based A123 Systems for $125 million in the wake of the local company announcing it has filed for bankruptcy, according to WCVB-TV.

The development comes one day after A123 Systems, which makes high-tech car batteries, announced it would likely file for bankruptcy protection, according to WCVB-TV.

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