MEMC Electronic Materials (WFR) this morning said it agreed to acquire Solaicx, a Santa Clara-based company that developed technology for manufacturing low-cost monocrystalline silicon wafers for the solar industry, for up to $76 million in cash.
The company has about 80 employees and a large-scale production facility in Portland, Oregon.
Terms of the deal call for MEMC to pay current holders $66 million in cash at the closing, plus another $10 million equal to amounts recently invested in the company. The company could pay up to another $27.6 million based on performance.
The deal is expected to close by the end of June.
MEMC expects the deal to be accretive to earnings in 2011.
WFR is up 10 cents, to $11.11.
Showing posts with label Best Performing Stocks To Invest In. Show all posts
Showing posts with label Best Performing Stocks To Invest In. Show all posts
Tuesday, April 3, 2012
Thursday, March 8, 2012
Best Companies to invest - Raymond James Hires 2 UBS Advisors in S.C.
Raymond James Financial said Tuesday that it had recruited two financial advisors with a combined $125 million in assets and $850,000 in yearly sales.
The two new Raymond James & Associates advisors are Best Companies to invest - Carolyn Edwards, CFP, and Roy Seay in Mount Pleasant, S.C.
“I am pleased to welcome Carolyn and Roy to the Raymond James family,” said Scott Curtis, senior vice president of the private client group of RJA, the employee broker-dealer of Raymond James, in a press release. “Our advisor-centric culture and broad platform continues to attract some of the very best advisors in the industry, and we’re proud to be affiliated with them.”
Edwards and Seay join the firm from UBS and will operate as the Seay/Edwards Group of Raymond James in Mount Pleasant, S.C., which is near Charleston.
Edwards spent 11 years as a vice president of investments with Best Companies to invest - UBS, while Seay served as a divisional vice president of UBS for the same amount of time. Before joining UBS, Seay – who has worked in the industry for more than four decades – was a partner and branch manager with J.C. Bradford & Co., for 15 years.
The two advisors provide financial, estate and retirement planning, and the team specializes in bonds, particularly South Carolina municipals.
“Changing firms can be very disruptive to your business, so we knew this was a once in a lifetime move, and we better get it right. There is no question that we got it right!”
The two new Raymond James & Associates advisors are Best Companies to invest - Carolyn Edwards, CFP, and Roy Seay in Mount Pleasant, S.C.
“I am pleased to welcome Carolyn and Roy to the Raymond James family,” said Scott Curtis, senior vice president of the private client group of RJA, the employee broker-dealer of Raymond James, in a press release. “Our advisor-centric culture and broad platform continues to attract some of the very best advisors in the industry, and we’re proud to be affiliated with them.”
Edwards and Seay join the firm from UBS and will operate as the Seay/Edwards Group of Raymond James in Mount Pleasant, S.C., which is near Charleston.
Edwards spent 11 years as a vice president of investments with Best Companies to invest - UBS, while Seay served as a divisional vice president of UBS for the same amount of time. Before joining UBS, Seay – who has worked in the industry for more than four decades – was a partner and branch manager with J.C. Bradford & Co., for 15 years.
The two advisors provide financial, estate and retirement planning, and the team specializes in bonds, particularly South Carolina municipals.
“Changing firms can be very disruptive to your business, so we knew this was a once in a lifetime move, and we better get it right. There is no question that we got it right!”
said Edwards, in a statement. “Every day Raymond James proves that the client is at the top of the pyramid. It is very refreshing.”
“When we realized that [Raymond James Executive Chairman] Tom James and [Raymond James & Associates President] Dennis Zank personally knew Jimmy Bradford, who had been a mentor to me and many others, that connection had a big impact on us, and we knew we had found a home,” Seay explained in a press release.
Through its three primary broker-dealer subsidiaries, Raymond James Financial has more than 5,300 financial advisors in the United States, Canada and overseas – of which close to 1,300 are U.S.-based RJA advisors.
Total client assets are about $266 billion, of which approximately $34 billion are managed by the firm’s asset-management subsidiaries.
Earlier in the week, as it kicked off the Raymond James 32nd Annual Institutional Investors Conference from March 6-9, the firm said it had been selected as a Greenwich Associates Quality Leader in two categories for 2010.
For the second time in three years, Raymond James says, it earned top marks among clients in U.S. Equity Research and Analyst Service Quality–Small and Mid-Cap Funds, and U.S. Equity Sales Quality–Small and Mid-Cap Funds. The firm was recognized in the same categories in 2008.
The awards are based on a 2010 survey that involves 40,000 large corporate and institutional users of financial services and products, according to Best Companies to invest - Greenwich.
“When we realized that [Raymond James Executive Chairman] Tom James and [Raymond James & Associates President] Dennis Zank personally knew Jimmy Bradford, who had been a mentor to me and many others, that connection had a big impact on us, and we knew we had found a home,” Seay explained in a press release.
Through its three primary broker-dealer subsidiaries, Raymond James Financial has more than 5,300 financial advisors in the United States, Canada and overseas – of which close to 1,300 are U.S.-based RJA advisors.
Total client assets are about $266 billion, of which approximately $34 billion are managed by the firm’s asset-management subsidiaries.
Earlier in the week, as it kicked off the Raymond James 32nd Annual Institutional Investors Conference from March 6-9, the firm said it had been selected as a Greenwich Associates Quality Leader in two categories for 2010.
For the second time in three years, Raymond James says, it earned top marks among clients in U.S. Equity Research and Analyst Service Quality–Small and Mid-Cap Funds, and U.S. Equity Sales Quality–Small and Mid-Cap Funds. The firm was recognized in the same categories in 2008.
The awards are based on a 2010 survey that involves 40,000 large corporate and institutional users of financial services and products, according to Best Companies to invest - Greenwich.
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