Appaloosa sues to block SunEdison unit from buying Vivint assets

January 13, 2016 3:21 PM

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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 the Vivint transaction.

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