Innovative Holdings Alliance Inc
Change company Symbol lookup
Select an option...
IHAI Innovative Holdings Alliance Inc
PACB Pacific Biosciences of California Inc
OPCH Option Care Health Inc
OLFC Olfactory Biosciences Corp
OJSCY NK Rosneft' PAO
OCRNL NK Rosneft' PAO
OARFF Fort St James Nickel Corp
MDXG MiMedx Group Inc
CATY Cathay General Bancorp
EADSF Airbus SE
Go

Closing Price
$0.01
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.015
Day's Low
0.01
Volume
(Heavy Day)
Volume:
12,000

10-day average volume:
4,087
12,000

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

11:25 pm ET July 6, 2020 (MarketWatch)
Print

Residential solar-panel installer Sunrun Inc. (RUN) announced a deal Monday night to acquire rival Vivint Solar Inc. (VSLR) 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. "Vivint Solar adds an important and high-quality sales channel that enables our combined company to reach more households and raise awareness about the benefits of home solar and batteries," Lynn Jurich, Sunrun's chief executive and co-founder, said in a statement. "This transaction will increase our scale and grow our energy services network to help replace centralized, polluting power plants and accelerate the transition to a 100% clean energy future." Sunrun shares have gained 55% year to date, while Vivint has risen 46%, compared to the S&P 500's 1.6% decline this year.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 06, 2020 23:25 ET (03:25 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.