SunEdison announces planned separation of semiconductor business SunEdison announced that its board has unanimously approved an IPO of its semiconductor business to create SunEdison Semiconductor. SunEdison plans to sell a minority ownership interest in the semiconductor business to the public. SunEdison expects to use proceeds from the separation to fund initiatives related to the solar business, to repay existing indebtedness and for general corporate purposes. The newly formed SunEdison Semiconductor will operate as an independent company with a new board of directors.
News For SUNE From The Last 14 Days
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Stocks with call strike movement; SUNE SHLD SunEdison (SUNE) January 17 call option implied volatility decreased 3% to 65, Sears Holdings (SHLD) December 60 call option implied volatility increased 2% to 64 according to IVolatility.
SunEdison could raise $300M by spinning off some solar projects, Reuters says The SunEdison CFO said the company could raise $300M by spinning off some solar projects into publicly traded company, Reuters says. The company is looking at launching vehicle in Asia holding the company's projects in Asia and South Africa, Reuters added.