SunEdison (SUNE), Vivint Solar (VSLR) Amend Merger Agreement
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SunEdison and Vivint Solar Reach Agreement to Amend Definitive Merger Agreement to Acquire Vivint Solar; Blackstone-Sponsored Vehicle to Become Key Stakeholder and Commits to Provide $250 Million Cred
December 9, 2015 9:15 AM ESTMARYLAND HEIGHTS, Missouri, LEHI, Utah and NEW YORK, Dec. 9, 2015 /PRNewswire/ --Â
Highlights:
Vivint Solar transaction modifications $2.00/share reduction in cash consideration; $0.75/share increase in stock consideration; and At Vivint Solar's option, and with the consent of the Blackstone-sponsored vehicle, public stockholders of Vivint Solar may be paid all cash consideration; if such option is exercised, Blackstone-sponsored vehicle will accept stock and convertible notes of SunEdison in lieu of a substantial portion of the cash it would have otherwise been entitled to receive in the... More