SunEdison Cuts Price for Vivint Deal After Shares Plunge

  • Companies agree to reduce cash by $2 a share, increase stock
  • Blackstone commits $250 million in credit to help SunEdison

SunEdison Inc., the worst-performing solar company this year, is revising the terms of its much-criticized deal to acquire Vivint Solar Inc., reducing the initial $2.2 billion price by at least 25 percent.

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