SunEdison Plunges on Report of Plans to File for Bankruptcy
- Company in talks with two creditor groups on loan, WSJ says
- SunEdison falls 45 percent in heavy after-hours trading Friday
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Investors had a swift and emphatic response to a report Friday that SunEdison Inc. was preparing to file for bankruptcy protection: sell.
The Wall Street Journal reported after U.S. markets closed on Friday that SunEdison, the world’s largest renewable-energy company, is in talks with two creditor groups for a loan to tide it over during the process. The newspaper cited unidentified people familiar with the matter.