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SunEdison Plunges on `Expensive' Plan to Boost Balance Sheet

  • Series of transactions will add $555 million in liquidity
  • Issuing new shares and warrants will dilute existing equity
Updated on

SunEdison Inc. dropped the most in 14 years after announcing deals that improve its balance sheet, at terms that two analysts said are costly.

The shares plunged 39 percent to $3.34 at the close in New York, the most since September 2001.