SunEdison to sell remaining shares in semiconductor business for …

The final steps in SunEdison’s spin-off of its semiconductor business – through which the company was originally founded before its ascent to being the biggest renewable energy developer in the world – look set to go ahead. The sale could raise as much as US$290.8 million, after SunEdison Semiconductor announced that it will make 15.9 million shares of common stock currently held by shareholders available to the public. With 10.6 million of the shares, SunEdison Inc. could pocket US$193 million.

Read the source article at PV-Tech

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