Samsung To Buy $100M In SunEdison Semiconductor Stock

Law360, New York (March 20, 2014, 2:20 PM EDT) -- Samsung Fine Chemicals will buy $100 million of stock in SunEdison Semiconductor Limited, SunEdison Inc.'s semiconductor division, concurrently with SSL's upcoming IPO, which is set to raise cash for its parent company's solar projects and debt reduction, the companies said Thursday.

In the multifaceted deal, SunEdison Inc. also agreed to buy a 35 percent stake in SMP, a polysilicon joint venture between the two companies, then contribute those shares to SSL. The two agreed that SSL would exchange Samsung's remaining 20 percent stake in MEMC Korea...
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