SunEdison (SUNEQ) Issues Commentary on Terraform Power's (TERP) Settlement Proposal
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SunEdison Response To Terraform Power Settlement Briefing
November 14, 2016 8:45 AM ESTMARYLAND HEIGHTS, Mo., Nov. 14, 2016Â /PRNewswire/ -- On Tuesday, November 8, 2016, in a filing with the Securities and Exchange Commission, Terraform Power, Inc. ("TERP") disclosed in a presentation attached to the filing (the "Presentation") that it had circulated a draft settlement agreement to SunEdison, Inc. ("SunEdison") to propose a resolution of its outstanding claims against SunEdison.Â
Since September 2016, TERP and SunEdison have been engaged in a collaborative process to explore strategic alternatives for TERP (as well as Terraform Global, Inc.) including a merger, sale, sponsorship or other transaction and that process continues. SunEdison is... More
