JPMorgan Downgrades SunEdison (SUNE) to Underweight
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One Market Watcher Thinks Its Time to Sell SunEdison (SUNE) Following Merger Termination (VSLR)
March 8, 2016 9:18 AM ESTIs it time to sell SunEdison (NYSE: SUNE) following today's pop higher? One blogger thinks so.
According to a post made today following news that SunEdison's... More
Vivint Solar terminates $2.2 billion merger with SunEdison
March 8, 2016 6:22 AM ESTBy Amrutha Gayathri
(Reuters) - Solar panel installer Vivint Solar Inc (NYSE: VSLR) said on Tuesday it had terminated a deal to be taken over by solar energy company SunEdison Inc (NYSE: SUNE) after SunEdison failed to close on the planned acquisition.
The cash-and-stock deal, worth $2.2 billion when it was forged last July, had faced criticism from hedge funds and other investors as SunEdison's finances and share price weakened.
SunEdison's stock rose as much as 33 percent to $2.53, while Vivint's fell as much as 22.6 percent to a record low of... More
Vivint Solar (VSLR) Announces Termination of SunEdison (SUNE) Merger
March 8, 2016 6:10 AM ESTVivint Solar (NYSE: VSLR) announced this morning that it had delivered a letter to SunEdison, Inc. (NYSE: SUNE) last night notifying it that, as a result of SunEdison's failure to meet its obligations under the merger... More
