Hedge fund Appaloosa seeks to inspect Terraform's books

Tue Dec 22, 2015 9:36am EST
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Dec 22 (Reuters) - TerraForm Power Inc shareholder Appaloosa Management LP said it wants to inspect the books of the solar yieldco to learn more about its dealings with parent SunEdison Inc.

The hedge fund said on Tuesday its request was related to SunEdison's deal to buy Vivint Solar Inc.

Funds affiliated with Appaloosa together own 7.6 million shares, or 9.5 percent of the outstanding Class A Common stock of TerraForm Power. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Saumyadeb Chakrabarty)