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%.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber to buy Postmates in $2.65 billion food delivery stock deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Arent they 20% owned by MBS/Saudi Arabia? YaBugginMeng I could use a few billions
Source: BusinessInsider - 🏆 729. / 51 Read more »