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Penguin Solutions, Inc. Agrees to Sell Cree LED Business to Transom Capital Group
Source: Nasdaq
M&A & RestructuringCompany Fundamentals
On November 3, 2026, Penguin Solutions and its indirect wholly owned subsidiary, SMART Modular Technologies (DH), entered into an agreement to sell the Cree LED business to Transom Crystal AcquireCo, an affiliate of Transom Capital Group. The article excerpt provides no transaction value, closing timeline, or other terms.
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