Deals
SunEdison Adviser Says Assets Now Worth Up to $1.5 Billion
- New estimate almost doubles previous $850 million figure
- Bankrupt renewable-energy giant’s plan deadline pushed back
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SunEdison Inc.’s assets in bankruptcy are now worth $1 billion to $1.5 billion, based in part on recent offers to buy some of its solar and wind farms, a company financial adviser testified.
Homer Parkhill of Rothschild Inc., which is counseling the renewable-energy giant on the sale process following its April Chapter 11 filing, offered the new valuation in Manhattan federal court Thursday. The estimate replaces a figure of $850 million that Parkhill put forward in June.