Plans by Australia's CBD Energy to take over the U.S. Westinghouse Solar have fallen through.
Westinghouse Solar is a spin-off from the Westinghouse appliance business. It has been reported that Westinghouse Solar has fallen behind in payments to its parent company for use of the name and is likely to seek a new name.
CBD Energy was to have bought 85% of the American company but Westinghouse Solar has called off the deal, which was to have been completed a year ago, saying that repeated extensions and delays have caused it to lose money.
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