Vivint Solar terminates merger with SunEdison

Written By: Stratton Report
March 8, 2016

Sunedison

On March 8, Vivint Solar announced it had terminated the company’s merger with SunEdison, claiming that SunEdison had failed to meet its obligations under the merger agreement. Vivint Solar maintains that SunEdison’s failure to consummate the merger constitutes a willful breach of their agreement, and Vivint Solar intended to seek all legal remedies available to it in respect of such willful breach.