MEMC Changes Company Name To SunEdison
ST. PETERS, Mo., May 30, 2013 /PRNewswire/ -- SunEdison, Inc. (NYSE: WFR), today announced that after obtaining overwhelming stockholder approval at its Annual Meeting of Stockholders, held earlier today in San Francisco, California, the process of changing the company's name to SunEdison, Inc., from MEMC Electronic Materials, Inc., has been completed. On June 3, 2013, the company's stock symbol on the New York Stock Exchange will change from "WFR" to "SUNE" to reflect the new corporate name.
"Changing our name to SunEdison is a major milestone as this represents another step toward creating an elite, global brand that builds on a more than 50 year tradition of innovation and growth that began under the MEMC name," said Ahmad Chatila, President and CEO. "We strongly believe the SunEdison name provides us with broader marketplace appeal and scalability that will help us grow the company and build long-term brand equity as we look toward the next chapter."
"Our broad product and service offerings, across two industries, gives us a solid platform for future growth and stability," Chatila concluded. "Our heritage of innovation, combined with our diversified and synergistic business model, has created a powerful market position. Today, both business units are growing and providing customers with some of the best semiconductor and solar products and solutions available. We are committed to growing both the semiconductor and solar power businesses, and look forward to building on our strong legacies, now under the SunEdison name."
SunEdison will continue to maintain its corporate headquarters in St. Peters, Missouri.About SunEdison SunEdison, formerly MEMC Electronic Materials, is a global leader in semiconductor and solar technology. SunEdison's semiconductor business has been a pioneer in the design and development of silicon wafer technologies for over 50 years. With R&D and manufacturing facilities in the U.S., Europe, and Asia, SunEdison enables the next generation of high performance semiconductor devices. SunEdison's solar business develops, finances, installs and operates distributed power plants, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "WFR" (changing to "SUNE" as of June 3, 2013). For more information about SunEdison, please visit www.sunedison.com. SOURCE SunEdison, Inc.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV