Vivint Solar Cancels $2.2 Billion Merger With SunEdison

Vivint Solar said Tuesday it has terminated its $2.2 billion merger agreement with SunEdison, saying that mounting financial woes kept the solar energy company from fulfilling its obligations to complete the deal. Mirroring the latest developments, SunEdison’s shares rose 53% to $2.90 in premarket trading (while now up closer to 16%), while Vivint’s shares were little changed at $5.20.

SunEdison delays filing its annual report

As highlighted by ValueWalk, SunEdison and its yieldco TerraForm Power announced in July 2015 the cash and stock deal worth $2.2 billion to acquire Vivint Solar to enhance its...