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SunEdison Semiconductor (SEMI) Stock Surges on GlobalWafers Deal

NEW YORK (TheStreet) -- Shares of SunEdison Semiconductor (SEMI) were jumping 39.55% to $11.56 on heavy trading volume early Thursday morning after Taiwan-based GlobalWafers agreed to acquire the company for $683 million, or $12 per share, including debt.

Over 9.34 million shares of SunEdison stock have traded so far today, higher than its 30-day daily average of 202,000 shares.

The two combined companies hold a 17% market share in the semiconductor industry, Bloomberg reports.

SunEdison, based in St. Peters, MO, will gain both clients...


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