Solar company Sunrun to buy rival Vivint in $3.2 billion deal

Residential solar-panel installer Sunrun Inc. RUN, +6.70% announced a deal Monday night to acquire rival Vivint Solar Inc.

for about $3.2 billion, including debt. In a statement, the companies said Vivint shareholders would get 0.55 shares of Sunrun for every share held, leaving Vivint shareholders with about a 36% stake in the combined company. The merger will deliver an annual cost savings of about $90 million, the companies said.

thestockguy Think this will affect $TAN ?

And energy mergers continue

GOP June's jobs report proves ALL Americans win in Pres. Trump's economy —Black Americans: 404K jobs added & unemployment dropped 1.4%. —Hispanic Americans: 1.47 million jobs added & unemployment dropped 3.1%. —Asian Americans: 1.47 million jobs added & unemployment dropped 1.2%.

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