Tech Company M&A Transactions
Solaicx Acquisition
Solaicx was purchased by MEMC. The transaction was announced on 5/25/2010. The acquisition price was $76 million.
Transaction Overview
Company Name
Acquired By
Announced On
5/25/2010
Transaction Type
M&A
Amount
$76,000,000
M&A Terms
MEMC will pay to the existing securityholders of Solaicx at closing cash in the amount of $66 million, plus an additional amount in cash equal to amounts which have been recently invested in, or which may be invested prior to closing in Solaicx by its existing securityholders. The aggregate additional investment amount is estimated to be approximately $10 million.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
5102 Calle Del Sol
Santa Clara, CA 95054
USA
Santa Clara, CA 95054
USA
Phone
Website
Email Address
Overview
Solaicx is developing breakthrough manufacturing technology yielding low-cost, high-efficiency silicon wafers for the photovoltaic (PV) industry.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bob Ford
Chief Financial Officer
Jeff Osorio
Co-Founder
John Sedgwick
Vice President
Peter Bostock
Browse more venture capital transactions:
Prev: 5/25/2010: Expressor Software venture capital transaction
Next: 5/26/2010: Tesaro venture capital transaction
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