This excerpt taken from the WFR 8-K filed Nov 23, 2009.
Item 2.01. Completion of Acquisition or Disposition of Assets.
On November 20, 2009, the Company consummated the transactions contemplated by the Merger Agreement. As a result, Acquisition Subsidiary was merged with and into Sun Edison (the Merger), with Sun Edison as the surviving company and a wholly owned subsidiary of MEMC Holdings Corporation, which is a wholly owned subsidiary of the Company.
The initial merger consideration was $200 million, consisting of $140 million in cash and approximately 3.8 million shares of the Companys common stock. The Company used cash on hand to pay the cash portion of the initial merger consideration.
The foregoing description of the closing of the transactions contemplated by the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement (as amended), which is incorporated herein by reference.
A copy of the press release announcing the closing of the Sun Edison acquisition is filed herewith as Exhibit 99.1.