MARYLAND HEIGHTS, Mo.,
Feb. 25, 2016 /PRNewswire/
-- SunEdison, Inc. (NYSE: SUNE), the largest global renewable
energy development company, issued a statement following today's
ruling from the Court of Chancery in the State of Delaware denying Appaloosa Management
LP's request for a preliminary injunction with regard to the
previously announced amended agreements under which TerraForm will
purchase certain assets from SunEdison in connection with
SunEdison's acquisition of Vivint Solar, Inc. (NASDAQ: VSLR).
"We are gratified that the court denied the injunction and now
we look ahead to continuing to navigate current market
conditions."
About SunEdison
SunEdison is the largest global renewable energy development
company and is transforming the way energy is generated,
distributed, and owned around the world. The company develops,
finances, installs, owns and operates renewable power plants,
delivering predictably priced electricity to its residential,
commercial, government and utility customers. SunEdison is one of
the world's largest renewable energy asset managers and provides
customers with asset management, operations and maintenance,
monitoring and reporting services. Corporate headquarters are in
the United States with additional
offices and technology manufacturing around the world. SunEdison's
common stock is listed on the New York Stock Exchange under the
symbol "SUNE." To learn more visit www.sunedison.com.
Forward Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements involve estimates, expectations, projections, goals,
assumptions, known and unknown risks, and uncertainties and
typically include words or variations of words such as
"anticipate," "believe," "intend," "plan," "predict," "outlook,"
"objective," "forecast," "target," "continue," "will," or "may" or
other comparable terms and phrases. All statements that address
operating performance, events, or developments that SunEdison
expects or anticipates will occur in the future are forward-looking
statements. Forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those suggested by the forward-looking statements. Factors
that might cause such differences include, but are not limited to,
a variety of economic, competitive, and regulatory factors, many of
which are beyond SunEdison's control and are described in
SunEdison's Form 10-K for the fiscal year ended December 31, 2014, as well as additional factors
it may describe from time to time in other filings with the
Securities and Exchange Commission. Forward-looking statements
provide SunEdison's current expectations or predictions of future
conditions, events, or results and speak only as of the date they
are made, but SunEdison can give no assurance that these
expectations and assumptions will prove to have been correct and
actual results may vary materially. SunEdison disclaims any
obligation to publicly update or revise any forward-looking
statement, except as required by law.
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SOURCE SunEdison, Inc.