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| Supply chain news for the compound semiconductor industry | Supply
chain news for the LED industry and related applications markets |
Application and technology news for general and architectural SSL |
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Cree Completes LLF Acquisition March 4, 2008... As expected, Durham, North Carolina USA-based LED maker, Cree Inc., has completed the acquisition of the private company, LED Lighting Fixtures Inc. (LLF). Cree initially announced the agreement on February 8, 2008 (Ref: Coverage). At the closing of the transaction, Cree issued 1,852,335 shares of common stock and paid about $16.45 million in cash in exchange for LLF shares. Cree also assumed outstanding LLF stock options. Additional cash consideration of up to $26.4 million may be payable over the next three years tied to new product milestones and key employee retention. Return to CompoundSemi Return to SSLnet/LIGHTimes Return to Solid State Lighting Design |
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