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Vivant sues over busted $1.9B merger

Mar 09, 2016 - The Deal Pipeline

Vivint Solar Inc. (VSLR) Tuesday sued SunEdison Inc. (SUNE) in the Delaware Court of Chancery for SunEdison's failure to complete its planned $1.9 billion purchase of the Lehi, Utah-based solar panel installer. Vivint announced on Monday that it had terminated the deal after SunEdison refused to consummate the transaction.

Blackstone Group LP (BX) owns 77% of Vivint. Vivint alleges in its complaint that SunEdison committed a "willful breach" of the companies' merger agreement but did not...