The offering would enable Cree management to better focus on its LED and Lighting business, while also creating a dedicated focus on the Power and RF business. The company believes that this transaction should allow Cree shareholders to better realize the full value of both businesses. Frank Plastina, a current Cree board member, will be the interim executive vice president of the division, effective June 8th.
Cree Plans To Spin-Off Its Power And RF Division To Unlock Its Full Value
Forbes - 19 May 2015 20:12
The offering would enable Cree management to better focus on its LED and Lighting business, while also creating a dedicated focus on the Power and RF business. The company believes that this transaction should allow Cree shareholders to better realize the full value of both businesses. Frank Plastina, a current Cree board member, will be the interim executive vice president of the division, effective June 8th.
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