09:47 AM EST - Maxim Power : said it has entered into an agreement to sell 100% of its ownership interest in Maxim Power (USA), Inc. to Patriot Power Holdings, LLC, an affiliate of Rockland Capital, for net proceeds of $90 million U.S. The company expects the sale to close during the fourth quarter of 2013, and will use the money to repay bank operating lines and cash collateralize letters of credit. Maxim Power
shares T.MXG are trading unchanged at $3.11.
