Penguin Solutions Announces Agreement to Sell Cree LED to Transom Capital Group
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Summary
FREMONT, Calif.--(BUSINESS WIRE)--Nov 4, 2026-- Penguin Solutions, Inc. (“Penguin Solutions,” “Penguin,” or the “Company”) (Nasdaq: PENG), the AI Factory Platform Company, today announced that it has entered into a definitive agreement to sell its Cree LED business (“Cree LED”) to Transom Capital …
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