Vivint Solar Terminates Merger Agreement for SunEdison’s Breach

Vivint Solar announced this morning that it had delivered a letter to SunEdison, Inc. last night notifying it that, as a result of SunEdison’s failure to meet its obligations under the merger agreement pursuant to which the Company was to have been acquired by SunEdison, Vivint Solar has terminated such agreement. Vivint Solar reserves all rights under the merger agreement.  In particular, SunEdison’s failure to consummate the merger when required pursuant to the terms of the merger agreement constitutes a willful breach of the merger agreement, and Vivint Solar intends to seek all legal remedies available to it in respect of such willful breach.