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Stock Market & Financial Investment News

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March 24, 2014
08:10 EDTEMKREMCORE awarded solar panel manufacturing contract by Sierra Nevada Corporation
EMCORE Corporation has been awarded a contract by Sierra Nevada Corporation to design and manufacture solar panels for SNC to be used on NASA's Cyclone Global Navigation Satellite System. The CYGNSS mission will be managed by Southwest Research Institute and is planned for launch, October 2016. EMCORE will populate solar panels with its most advanced ZTJ triple-junction solar cells. SNC will then deliver the finished panels to SwRI for integration into the eight Low-Earth Orbiting satellites that will be carried into orbit on a single launch vehicle.
News For EMKR From The Last 14 Days
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June 19, 2015
17:05 EDTEMKREMCORE announces results final results of modified dutch auction tender offer
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June 17, 2015
18:02 EDTEMKREMCORE updates preliminary results of modified Dutch auction tender offer
EMCORE updated preliminary results of its modified "Dutch auction" tender offer, which expired on June 15. A total of 8,771,948 shares of EMCORE common stock were properly tendered and not properly withdrawn at or below $6.55 per share, including 837,416 shares that were tendered through a notice of guaranteed delivery. Due to the tender offer being oversubscribed, the company expects to purchase only a prorated portion of the shares properly tendered by each tendering stockholder at or below the final per share purchase price. The company expects to accept for purchase approximately 6,870,229 shares of EMCORE common stock at an anticipated price of $6.55 per share, for a total aggregate cost of approximately $45M, excluding fees and expenses related to the tender offer.

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