MEMC Electronic Materials just announced that it will be acquiring Solaicx, a company that has developed a patented continuous crystal growth manufacturing technology. This technology enables solar companies to produce more efficient monocrystalline silicon wafers at a low cost.

Solaicx is privately held; MEMC Electronic Materials will pay its securityholders $66 million in cash plus additional cash to cover their costs for recent investments made prior to closing, which is expected to be about $10 … Read the rest