SunEdison to Offload Semiconductor Unit Stake for $193M – Zacks.com

Speculations about SunEdison Inc. ( Analyst Report) selling the remaining stake in its one-time wholly owned subsidiary, SunEdison Semiconductor Limited ( Snapshot Report), got some merit after the latter announced the commencement of a secondary offering last week. The main highlight of the announcement was the sale of shareholders’ shares in the offering. Per the Jun 24 announcement, SunEdison Semiconductor will offer approximately 15.9 million shares to the public at $18.25 each.

Read the source article at Zacks Investment Research

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