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Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:09 EDTSSNLF, SUNESunEdison announces private placement of shares to Samsung
SunEdison (SUNE) announced a series of transactions that are expected to occur concurrent with the IPO of its semiconductor division, SunEdison Semiconductor Limited, including: Samsung Fine Chemicals will purchase $100M of SSL's ordinary shares at the IPO price through a private placement concurrent with SSL's IPO. Samsung Fine Chemicals has entered into an agreement with SunEdison pursuant to which SunEdison will purchase from Samsung Fine Chemicals shares representing a 35% interest in SMP, a joint venture between Samsung Fine Chemicals and SunEdison, and SunEdison will contribute those shares to SSL. Samsung Fine Chemicals will continue to be invested in SMP, owning 15% of SMP following the completion of the transaction. The facility is expected to be completed in 2H14 and will provide solar grade polysilicon to SunEdison with the potential to provide electronic grade polysilicon to SSL in the future. Samsung Electronics (SSNLF) has entered into an agreement with SSL pursuant to which SSL will purchase Samsung Electronics' remaining 20% interest in MEMC Korea Company, in exchange for the issuance by SSL to Samsung Electronics of ordinary shares through a private placement concurrent with SSL's IPO. Upon completion of these transactions, SSL will own 100% of MEMC Korea Company. Samsung Electronics and SSL have entered into a long-term agreement for Samsung Electronics to purchase semiconductor wafers from SSL. As a result, SSL's market share with Samsung Electronics is expected to increase in each of the next three years.
News For SUNE;SSNLF From The Last 14 Days
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June 30, 2015
06:30 EDTSSNLFCheil to boost dividends if Samsung C&T merger is approved, WSJ says
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June 29, 2015
19:49 EDTSSNLFSamsung looking to supply NAND to Apple for iPhone, AppleInsider says
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11:03 EDTSSNLFAnalyst says sell Qualcomm ahead of predicted price cuts
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08:06 EDTSUNESunEdison and TerraForm announces closing of 521-MW Atlantic Power acquisition
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07:45 EDTSSNLFWidePoint enters into strategic alliance with Samsung SDS America
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07:38 EDTSSNLFSamsung Bioepis could go public on Nasdaq, Bloomberg reports
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06:31 EDTSSNLFSamsung leaves out ‘Vision 2020’ from 2015 sustainability report, WSJ says
Samsung’s 2015 sustainability report notably left out its “Vision 2020” goals for the first time since the lofty 10-year plan was announced in 2009, the Wall Street Journal reports. The “Vision 2020” plan’s main goals are to push annual revenue to $400B and to become one of the world’s five best brands, the report says. Reference Link
06:05 EDTSSNLFNotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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June 26, 2015
06:24 EDTSSNLFElliott lobbies Korean shareholders to block Samsung C&T, Cheil deal, WSJ says
A team from U.S. hedge fund Elliott told Samsung unit Samsung C&T’s CFO at an April 9 meeting that a merger with Cheil Industries would not be in the best interests of shareholders, including Elliott, the Wall Street Journal reports, citing a person familiar with the matter. Elliott is trying to block the deal, seeking a court injunction and telling investors to block the deal at a shareholder vote next month, the report says. South Korean shareholders in Samsung C&T have begun to voice their concerns over the deal, with “dozens” of them filing court petitions arguing the deal unfairly undervalues Samsung C&T, the report says. Reference Link
June 25, 2015
10:29 EDTSSNLFBarnes & Noble says relationship with Samsung 'excellent'
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07:29 EDTSSNLFCheil, Samsung C&T deal could increase shareholder returns, Reuters reports
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05:53 EDTSSNLFSamsung expects SUHD TV sales to reach 15K in 1H15, DigiTimes reports
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June 24, 2015
07:33 EDTSUNESunEdison and Green Charge Networks partner in solar energy plus storage system
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06:35 EDTSUNESunEdison Semiconductor enters into granular polysilicon supply agreement
In a regulatory filing, SunEdison Semiconductor (SEMI) disclosed that the company and SunEdison (SUNE) entered into a letter agreement regarding granular polysilicon supply matters. The agreement provides for a long-term supply by SUNE and the joint venture SMP of the company’s granular semiconductor grade polysilicon needs. The agreement provides for a fixed price per kilogram of the granular polysilicon for each year over the 10.5-year period of the agreement. The price for polysilicon decreases during the term of the Agreement. In exchange, the company has agreed to assign all of its share of the dividend and distributions from SMP to SUNE for the duration of the agreement. Because these arrangements are different than those originally agreed upon by and between SUNE’s subsidiary, SunEdison Producer Singapore Pte Ltd., and the company’s subsidiary, SunEdison Semiconductor B.V., relating to the SMP joint venture, the parties have agreed to take all necessary steps to provide for these changes in the original polysilicon supply agreement and to otherwise implement these provisions relating to SMP.
June 23, 2015
16:02 EDTSSNLFRed Hat, Samsung form strategic alliance
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09:27 EDTSUNESunEdison shares should rise significantly on pending deal, says Wolfe Research
After an SEC filing revealed that SunEdison's (SUNE) captive yieldco, Terraform Power (TERP), is in talks to buy up to 1.2 GW of wind assets, ,Wolfe Research believes that the acquisition could enable Terraform to increase its dividends per share by about 87c. The firm thinks the deal could increase Terraform's stock value by $4-$7 per share. It says that these increases are not currently in its estimates, and it keeps a $44 price target and Outperform rating on SunEdison.
07:34 EDTSUNESunEdison completes 1MW DC canal top solar power plant for Karnataka Government
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06:05 EDTSSNLFIntel pushing into SSD market and hope to surpass Samsung in 2016, DigiTimes says
Intel (INTC) is looking to push into the SSD market with its newest 750 series SSDs with technology able to enhance the transmission speed, reports DigiTimes. According to sources from the upstream supply chain, the company is also offering price cuts on its existing products in order to narrow its gap with the largest vendor Samsung (SSNLF). Sources also expect Intel to draw near to Samsung in 2H15 and may even have a chance to surpass Samsung in 2016. Reference Link
06:05 EDTSSNLFSamsung pushing to release Galaxy S7 in 2H15, DigiTimes reports
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06:05 EDTSSNLFNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
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