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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Vivint Solar Inc (NASDAQ: VSLR) acted responsibly on behalf of investors’ profitability in the planned $2.2 billion sale to SunEdison Inc (NYSE: SUNE) and TerraForm Power Inc (NASDAQ: TERP).
On July 20, 2015, Vivint Solar Inc (NASDAQ: VSLR), SunEdison Inc (NYSE: SUNE) and TerraForm Power Inc (NASDAQ: TERP)announced that they had entered into a merger agreement. Under the terms of the merger agreement, Vivint Solar stockholders will receive $16.50 per share, consisting of $9.89 per share in cash, $3.31 per share in SunEdison stock, and $3.30 per share in SunEdison convertible notes.
Based in Lehi, UT, and founded in 2011 Vivint Solar Inc distributes, installs and owns solar energy systems to residential customers throughout Arizona, California, Connecticut, Hawaii, Maryland, Massachusetts, New Jersey, New York, and Utah.
The investigation is looking to uncover whether Vivint Solar Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $22.00 per share.
If you purchased Vivint Solar Inc (NASDAQ: VSLR) prior to July 20, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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