(Bloomberg) -- Energy Conversion Devices Inc. shares gained as much as 5.8 percent on speculation the developer of hydrogen-fuel and battery systems may announce a sale of Cobasys LLC during a conference call tomorrow.
Cobasys, a maker of battery systems for hybrid electric vehicles, said March 15 that it may sell itself. The company is a joint venture of Rochester Hills, Michigan-based Energy Conversion and a subsidiary of Chevron Corp., the second-largest U.S. oil company.
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