Cree to Purchase LED Lighting Fixtures

Cree Inc. of Durham, N.C., a provider of LED solid-state lighting components, has signed a definitive agreement to acquire LED Lighting Fixtures Inc. of Morrisville, N.C. The latter company, which has developed lighting retrofit products, will be purchased in a cash and stock transaction valued at approximately $77 million, with up to another $26.4 million over a period of three years.





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