Tag Archives: mergers and acquisitions

MEMC Electronic Materials (WFR) Announces Completion Of Solaicx Acquisition

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 … Read the rest

Fuel Systems Solutions (Nasdaq:FSYS) To Acquire Distribuidora Shopping S.A. Through Italian Subsidiary

Fuel Systems Solutions, Inc. announced today that it will be acquiring Distribuidora Shopping S.A. through its Italian subsidiary MTM S.r.L.. Distribuidora Shipping makes the Tomasetto Achille brand components for compressed natural gas vehicles. The deal, which should be completed in January, is for $22 million, "subject to adjustment for any closing indebtedness." Also, under the agreements shareholders will receive $10.0 million of Fuel Systems common stock.

Matthew Beale, Fuel Systems Solutions’ president, commented on the … Read the rest