Submitted by Dallas Kachan on November 16, 2006 - 7:50am.
As we report above, the "aggregate consideration" consists of about $130 million in cash and $202.5 million in stock, a total of $332.5M.
After the initial payment, SunPower is to provide a "retention carve-out" of $67.5 million vesting over two to four years. Some have been subtracting that $67.5M from the purchase price and calling it a $265M deal.
In our view, it's still a deal value at $332.5M, however.
Bad math?
As we report above, the "aggregate consideration" consists of about $130 million in cash and $202.5 million in stock, a total of $332.5M.
After the initial payment, SunPower is to provide a "retention carve-out" of $67.5 million vesting over two to four years. Some have been subtracting that $67.5M from the purchase price and calling it a $265M deal.
In our view, it's still a deal value at $332.5M, however.