Appaloosa sues to block SunEdison unit from buying Vivint assets

Wed Jan 13, 2016 9:54am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Jan 13 (Reuters) - David Tepper-led hedge fund Appaloosa Management LP sued to prevent SunEdison Inc's yieldco from taking over some of Vivint Solar Inc's assets after SunEdison acquires the rooftop panel installer.

The yieldco, TerraForm Power Inc, is to acquire Vivint's residential solar rooftop portfolio after SunEdison completes its acquisition of Vivint.

SunEdison offered to buy Vivint in July. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Kirti Pandey)