Emcore planning solar spinoff

Apr. 9, 2008 – Emcore says its board of directors has authorized separation of its two business lines, fiber optics and photovoltaics, into separate corporations. Reuben Richards, newly elected executive chairman (formerly CEO), said the move will help maximize the potential of both businesses. “We will be working closely with investment, accounting and legal advisors over the coming months to develop a structure for this separation that will maximize operating efficiencies as well as maximizing shareholder value,” he said in a statement.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.