Deals
SunEdison, TerraForm Climb as Vivint Cancels Criticized Deal
- Rooftop panel installer says SunEdison breached terms of deal
- Vivint says it will seek legal remedy for failed deal
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SunEdison Inc., the world’s biggest renewable-energy developer, climbed after its $1.9 billion deal to acquire Vivint Solar Inc. was canceled by the target.
After the deal was delayed, renegotiated and challenged in court, SunEdison failed to meet a Feb. 26 deadline to complete the purchase, according to a filing Tuesday from Vivint.