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People & Business :: Earnings/Finance
Dow Corning buys Mitsubishi Materials' stake in Hemlock Semiconductor
11:54 AM MST | November 27, 2013 | Lindsay Frost
Dow Corning says it will buy out Mitsubishi Materials’ (Tokyo) stake in Hemlock Semiconductor Group joint ventures for $240 million. Dow Corning has purchased Mitsubishi Materials’ 12.125% ownership share in both Hemlock Semiconductor Corp. and Hemlock Semiconductor LLC. The deal increases Dow Corning’s stake in Hemlock Semiconductor Corp. to 80.5% and in Hemlock Semiconductor LLC to 100%. Shin-Etsu maintains a 19.5% stake in Hemlock Semiconductor Corp....
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