GE Takes First Solar Stake Under New Tech Partnership

Law360, New York (August 7, 2013, 3:09 PM EDT) -- First Solar Inc. handed over a roughly 2 percent stake to General Electric Co. as part of an agreement to form a technology partnership that will give the solar power parts manufacturer stronger pull in the utility industry, it said Tuesday.

In the deal, GE grabbed 1.75 million First Solar shares that it agreed to hang onto for at least three years, the company said. In return, First Solar picked up a GE intellectual property portfolio that will help enhance its solar developments, particularly ones that...
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