MEMC Electronic Materials (WFR) Announces Completion Of Solaicx Acquisition

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09:24:04 am on July 2, 2010

MEMC Electronic Materials just announced that it has completed its acquisition of Solaicx. MEMC paid $66 million cash for the company, plus roughly $1o million to equal recent investments by Soaicx security holders.

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In a press release, Ken Hannah, President of MEMC Solar Materials, commented on the news:

“We are delighted to complete this acquisition and to welcome the employees of Solaicx. The acquisition brings to MEMC talented people and cost-effective, proprietary process and equipment that expand our served market in the solar industry.”

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