Deals
Vivint Shareholders Overwhelmingly Approve SunEdison Acquisition
- Blackstone Group is Vivint Solar's biggest shareholder
- Transaction completion still under cloud of Tepper lawsuit
This article is for subscribers only.
Vivint Solar Inc. shareholders voted to approved the board’s plan to be bought by SunEdison Inc. in a transaction valued at about $1.9 billion.
Shareholders led by Blackstone Group LP, which held 77 percent of Vivint Solar shares outstanding at the start of the year, approved the sale, with more than 100 million votes in favor and 101,000 against, the Lehi, Utah-based solar company said in a regulatory filing Wednesday.