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SunEdison, unit to buy Vivint Solar for about $2.2 billion


    (Reuters) - SunEdison Inc and its unit TerraForm Power Inc said they would acquire Vivint Solar Inc in a deal valued at about $2.2 billion.

    SunEdison will pay Vivint shareholders $9.89 in cash, $3.31 in SunEdison stock and $3.30 in SunEdison notes for every Vivint share they hold.

    The offer works out to $16.50 per share, a 51.7 percent premium to Vivint's Friday close.

    (Reporting by Anannya Pramanick in Bengaluru; Editing by Sriraj Kalluvila)