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Sunrun (RUN), Vivint Solar (VSLR) Announce Stock Purchase ... In connection with the purchase, Coatue has (i) entered into a support agreement, pursuant to which Coatue agreed, among other things, to vote its shares of Vivint Solar common stock acquired from 313 Acquisition in favor of the adoption of the merger agreement previously entered into by Sunrun and Vivint Solar and (ii) entered into a lock-up . Vivint's shareholders will receive 0.55 shares of Sunrun in exchange for each share of Vivint Solar. On July 6, 2020, Vivint Solar and Sunrun entered into an Agreement and Plan of Merger (the "Merger Agreement") pursuant to which each Vivint Solar stockholder will receive 0.55 shares of Sunrun common stock for each share of Vivint Solar common stock they own. Under the terms of the definitive transaction agreement, each share of Vivint Solar common stock issued and outstanding immediately prior to the effective time of the merger will be converted. Sunrun (RUN) now owns more than 3 GW of solar energy capacity and more than 500,000 customers worldwide, following the acquisition of Vivint Solar. Sunrun's Board of Directors will be expanded by adding 2 directors, one of which is expected to be Vivint Solar's CEO, David Bywater. EXECUTION VERSION . Item 1.01. In connection with the proposed merger, on August 14, 2020, Sunrun filed with the SEC a registration statement on Form S-4 (the "registration statement"), which included a document that serves as a. Sunrun in July agreed to buy its rival Vivint Solar for $3.2 billion, the largest merger in the history of the residential solar industry. Under the terms of the definitive transaction agreement, each share of Vivint Solar common stock issued and outstanding immediately prior to the effective time of the merger will be converted automatically into the right to receive 0.55 shares of Sunrun common stock, representing a combined Enterprise Value of $9.2 billion based on the closing . WHEREAS, concurrently herewith, Vivint Solar, Inc., a Delaware corporation (the . With respect to the purchase, Coatue i) entered into a support agreement under which Coatue agreed, among other things, to choose its shares in Vivint Solar, acquired from 313 acquisitions, in favour of the agreement of the merger agreement previously entered into by Sunrun and Vivint Solar, and (ii) entered into a blocking agreement, Subsequently Coatue agreed not to sell the shares it . Under the terms of the definitive transaction agreement, each share of Vivint Solar common stock issued and outstanding immediately prior to the effective time of the merger will be converted automatically into the right to receive 0.55 shares of Sunrun common stock. sunrun announces definitive agreement to acquire vivint solar for an enterprise value of $3.2 billion adding a complementary direct-to-home sales channel to platform accelerating operating and. 2. The merger makes Sunrun the undisputed master of the door-to-door solar market, even though the sector is facing a significant drop in revenue due to coronavirus and a reduction in federal tax incentives. Sunrun is a leading provider of residential solar, battery, and energy services. Having terminated its merger agreement with SunEdison in 2016, Vivint Solar has now entered into a definitive agreement to be acquired by Sunrun which will take the combined entity's total solar asset portfolio of over 3 GW on completion. In connection with the proposed merger, Sunrun intends to file with the SEC a registration statement on Form S-4, which will include a document that serves as a prospectus of Sunrun and a joint proxy statement of Sunrun and Vivint Solar (the "joint proxy statement/prospectus"). | December 31, 2021 (RTTNews) - Sunrun (RUN) agreed to acquire Vivint Solar (VSLR) in an all-stock transaction, by which each share of Vivint Solar common stock will be exchanged . Vivint Solar to Seek Damages for SunEdison Willful Breach of Merger Agreement. As a result of the Merger, Vivint Solar became a direct wholly owned subsidiary of Sunrun. Sunrun to Acquire Vivint Solar for an Enterprise Value of $3.2 Billion. Exhibit 10.1 . July 8, 2020 (Investorideas.com Newswire) Sunrun Inc. shares traded 25% higher and reached a new 52-week high after the company reported that it has signed a definitive agreement to acquire Vivint . On July 6, 2020, Vivint entered into an agreement and plan of merger (the "Merger Agreement") with Sunrun and Merger Sub. NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Notice is hereby given pursuant to Section 21D of the Securities Exchange Act of 1934 (the "Exchange Act"), 15. Sunrun Acquires Vivint Solar Creating a Valuation of $22B tip finance.yahoo.com. Subject to the terms and conditions set forth in the Merger Agreement, each share of Vivint Solar common stock, par value $0.01 per share ("Vivint Solar Sunrun Announces Definitive Agreement to Acquire Vivint . SUPPORT AGREEMENT . Entry into a Material Definitive Agreement. Sunrun Inc. is acquiring Vivint Solar Inc. in an all-stock deal, the companies said late Monday. Sunrun, the leading provider of residential solar, battery storage and energy services, and Vivint Solar, a residential solar provider in the U.S, have entered into an agreement under which Sunrun will acquire Vivint Solar in an all-stock transaction. Pursuant to the terms of the Merger Agreement, Vivint's shareholders . Buying RUN stock means going into a $5.4 billion market . Vivint stock plunged during the sell-off induced by the novel coronavirus and has slowly clawed its way to around $10 per share when the merger with Sunrun was announced. This Support Agreement (this "Agreement"), dated as of July 6, 2020, is entered into by and among Sunrun Inc., a Delaware corporation ("Parent"), and 313 Acquisition LLC, a Delaware limited liability company (the "Stockholder"). The way to complete the TRANSFER OF SUNRUN SOLAR SERVICE AGREEMENT Prepaid form on the web: To get started on the form, use the Fill & Sign Online button or tick the preview image of the document. Source: Streetwise Reports 07/07/2020 Sunrun Inc. shares traded 25% higher and reached a new 52-week high after the company reported that it has signed a definitive agreement to acquire Vivint Solar in an all-stock merger deal. Sunrun - Sunrun Announces Definitive Agreement to Acquire Vivint Solar for an Enterprise Value of $3.2 billion Home Category : Mergers & Acquisitions News SUNRUN Sunrun Announces Definitive Agreement to Acquire Vivint Solar for an Enterprise Value of $3.2 billion July 9, 2020 313 Acquisition has entered into an amended and restated voting agreement with SunEdison pursuant to which 313 Acquisition has reaffirmed its agreement to vote in favor of the adoption of the merger agreement or to deliver a written consent, as the holder of a . The advanced tools of the editor will guide you through the editable PDF template. The class action, styled In re Vivint Solar, Inc. Securities Litigation, No. Enter your official contact and identification details. News of the Sunrun-Vivint merger has given both stocks a ride. Under the terms of the definitive transaction agreement, each share of Vivint Solar common stock issued and outstanding immediately prior to the effective time of the merger will be converted automatically into the right to receive 0.55 shares of Sunrun common stock. In connection with the purchase, Coatue has (i) entered into a support agreement, pursuant to which Coatue agreed, among other things, to vote its shares of Vivint Solar common stock acquired from 313 Acquisition in favor of the adoption of the merger agreement previously entered into by Sunrun and Vivint Solar and (ii) entered into a lock-up . Sunrun already has approximately 300,000 customers across 22 states, and the merger will make the combined . §78u-4, that a class action . Agreement and Plan of Merger, dated as of July 6, 2020, by and among Sunrun Inc., Viking Merger Sub, Inc. and Vivint Solar, Inc. (incorporated by reference to Exhibit 2.1 to Current Report on Form 8-K filed with the SEC on July 10, 2020, FileNo. As a result of the Merger, Vivint Solar became a direct wholly owned subsidiary of Sunrun. The merger requires the approval of a majority of the Vivint Solar stockholders. By Umesh Ellichipuram Vivint Solar and Sunrun both supply domestic solar panels. additional information and where to find it in connection with the proposed merger, on august 14, 2020, sunrun filed with the sec a registration statement on form s-4 (the "registration. On October 8, 2020, Sunrun completed the acquisition of Vivint Solar pursuant to the Merger Agreement, pursuant to which Merger Sub merged with and into Vivint Solar, with Vivint Solar continuing as the surviving corporation. Sunrun said that support Agreements have been obtained from . --Sunrun, a leading provider of residential solar, battery storage and energy services, and Vivint Solar, a leading full-service residential solar provider in the United States, today announced . Item 2.01. On September 2, 2020, Vivint Solar filed the Schedule 14A Definitive Proxy SAN FRANCISCO, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ: RUN), a leading provider of residential solar, battery storage and energy services, today announced that it has completed its acquisition of Vivint Solar which was initially announced on July 6, 2020. ; While the deal happened over a few short months and . As a . The combined company will have roughly 500,000 customers and 3 GW of solar. Simultaneously with the execution of the Purchase Agreement, Sunrun and Coatue entered into a support agreement (the "Coatue Support Agreement"), pursuant to which Coatue agreed, among other things, to vote its shares of Vivint Solar Common Stock acquired in the Purchase in favor of the adoption of the Merger Agreement and against any . Vivint Solar common stock will be exchanged for 0.55 shares of Sunrun common stock. U.S.C. EXCITING NEWS: Sunrun signed a definitive agreement to acquire Vivint Solar Published on July 7, 2020 July 7, 2020 • 1,337 Likes • 144 Comments According to the agreement, Sunrun will acquire Vivint Solar in an all-stock transaction valuing Vivint Solar at around $3.2 billion. top investors.sunrun.com. This follows approval by regulators and stockholders of both companies. The transaction values Vivint at $1.6 billion, excluding debt, according to Sunrun. On July 6, 2020, Vivint Solar, Inc., a Delaware corporation ("Vivint Solar"), Sunrun Inc., a Delaware corporation ("Sunrun"), and Viking Merger Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of Sunrun ("Merger Sub") entered into an Agreement and Plan of Merger (the "Merger Agreement . Sunrun (ticker: RUN). 03/07/16. Published. The Bottom Line on RUN Stock. Jul 6, 2020 10:31PM EDT. RECITALS . Credit: Franck V. on Unsplash. LEHI, Utah, March 8, 2016 /PRNewswire/ -- Vivint Solar (NYSE: VSLR) announced this morning that it had delivered a letter to SunEdison, Inc. last night notifying it that, as a result of SunEdison's failure to meet its obligations under the merger agreement pursuant to which the Company was to have been acquired by SunEdison, Vivint Solar has terminated such agreement. In connection with the proposed merger, Sunrun intends to file with the SEC a registration . Residential solar electricity provider Sunrun has signed a definitive agreement to acquire US-based Vivint Solar for an enterprise value of $3.2bn. SAN FRANCISCO, Aug. 18, 2020 -- Sunrun and Vivint Solar today announced that Coatue US 24 LLC , a vehicle affiliated with Coatue Management, L.L.C., has entered into a Stock Purchase. Pursuant to the terms of the Merger Agreement, Vivint's shareholders . But future results are uncertain. Notice Of Class Action Lawsuit Filed Against Vivint Solar, Inc. NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Notice is hereby given pursuant to Section 21D of the Securities Exchange Act of 1934 . SAN FRANCISCO and LEHI, Utah, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), a leading provider of residential solar, battery storage and energy services, and Vivint Solar (NYSE:VSLR), a . On July 6, 2020, Sunrun Inc., a Delaware corporation ("Sunrun") and Vivint Solar, Inc., a Delaware corporation ("Vivint Solar") issued a joint press release announcing their entry into an Agreement and Plan of Merger, dated July 6, 2020, (the "Merger Agreement"), by and among Sunrun, Viking Merger Sub, Inc,, a Delaware corporation and direct wholly owned subsidiary of Sunrun, and . (Source: Sunrun) Key Takeaways Merger (the "merger agreement") with Sunrun Inc., a Delaware corporation ("Sunrun") and Viking Merger Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of Sunrun ("Merger Sub"), pursuant to which Merger Sub will merge with and into Vivint Solar, with Vivint Solar continuing as san francisco, july 06, 2020 (globe newswire) -- sunrun ( run ), a leading provider of residential solar, battery storage and energy services, and vivint solar ( vslr ), a leading full-service. Sunrun Announces Definitive Agreement to Acquire Vivint Solar for an Enterprise Value of $3.2 billion . Completion of Acquisition or Disposition of Assets. 3. Agreement and Plan of Merger. Sunrun Announces Definitive Agreement to Acquire Vivint Solar for an Enterprise Value of $3.2 billion . Editor`s note: In early July 2020, Vivint was acquired by rival Sunrun in a $3.2 billion deal. Vivint reported its . Sunrun Announces Definitive Agreement to Acquire Vivint Solar for an Enterprise Value of $3.2 billion Download as PDF July 06, 2020 9:58pm EDT Adding a Complementary Direct-to-Home Sales Channel to Platform Accelerating Operating and Scale Efficiencies to Enhance Customer and Shareholder Value In July, rival Sunrun announced a definitive agreement to acquire Vivint for $3.2bn. LEHI, Utah, March 8, 2016 /PRNewswire/ -- Vivint Solar (NYSE: VSLR) today announced that it commenced an action in the Court of Chancery of the State of Delaware suing SunEdison, Inc. over its willful breach of the merger agreement between Vivint Solar and . On October 8, 2020, Sunrun completed the acquisition of Vivint Solar pursuant to the Merger Agreement, pursuant to which Merger Sub merged with and into Vivint Solar, with Vivint Solar continuing as the surviving corporation. Under the terms of the definitive transaction agreement, each share of Vivint Solar common stock issued and outstanding immediately prior to the effective time of the merger will be converted automatically into the right to receive 0.55 shares of Sunrun common stock. The two parties have entered into a definitive agreement which will see Sunrun acquire Vivint, with each share of Vivint's common stock exchanged for 0.55 shares of Sunrun common stock. The enterprise value of the . Under the terms of the definitive transaction agreement, each share of Vivint Solar common stock issued and outstanding immediately prior to the effective time of the merger will be converted automatically into the right to receive 0.55 shares of Sunrun common stock. Sunrun and Vivint Solar announced the companies have entered into a definitive agreement under which Sunrun will acquire Vivint Solar in an all-stock transaction, pursuant to which each share of Vivint Solar common stock will be exchanged for 0.55 shares of Sunrun common stock, representing a combined enterprise value of $9.2 billion based on the closing price of Sunrun's shares on July 6, 2020. With the definitive transaction agreement, each share of Vivint Solar common stock issued and outstanding immediately prior to the effective time of the merger will be converted automatically into the right to receive 0.55 shares of Sunrun common stock. Source: Streetwise Reports (7/7/20) Sunrun Inc. shares traded 25% higher and reached a new 52-week high after the company reported that it has signed a definitive agreement to acquire Vivint Solar in an all-stock merger deal. EXCITING NEWS: Sunrun signed a definitive agreement to acquire Vivint Solar Published on July 7, 2020 July 7, 2020 • 1,337 Likes • 144 Comments Vivint ultimately pulled out of the deal, citing SunEdison's "failure to meet its obligations under the merger agreement," but the company has considered several partnership opportunities in the years since, according to the filing, including with Sunrun. On September 11, 2020, Sunrun Inc. ("Sunrun") and Vivint Solar, Inc. ("Vivint Solar") issued a press release announcing that they had received notification of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, on September 11, 2020 in connection with the previously announced pending acquisition by Sunrun of Vivant Solar. On October 8, 2020, Vivint Solar, Inc. ("Vivint Solar") was merged with and into a wholly-owned subsidiary of Sunrun pursuant to the Agreement and Plan of Merger, dated as of July 6, 2020, by and among Sunrun, Vivint Solar, and certain other parties thereto (the "Merger Agreement"). Sunrun, a United States-based provider of residential solar electricity, agreed to acquire Vivint Solar, an American solar energy company, from Blackstone and Tiger Global, two private equity firms, for $3.2bn. Sunrun (RUN), Vivint Solar (VSLR) Announce Stock Purchase Agreement Between Coatue and Blackstone Affiliate Article Related Press Releases ( 1 ) Stock Quotes (2) FREE Breaking News Alerts from . The Board of Directors of Sunrun and Vivint Solar have each unanimously voted in favor of the definitive transaction agreement. Sunrun and Vivint Solar qualify all of their forward-looking statements by these cautionary statements.Additional Information and Where to Find ItIn connection with the proposed merger, on August . (4)Represents an automatic increase of 4% of the outstanding shares of the Vivint Solar, Inc. common stock outstanding (on an as-converted basis) at the effective time of the merger between Vivint Solar, Inc. and the Company pursuant to the Agreement and Plan of Merger, dated as of July 6, 2020, by and among the Company, Vivint Solar and Viking Merger Sub, Inc., and which increase is provided . (the "Merger"), with Vivint Solar continuing as the surviving corporation of the Merger as a direct wholly owned subsidiary of Sunrun (the "Surviving Corporation"). In connection with the proposed merger, on August 14, 2020, Sunrun filed with the SEC a registration statement on Form S-4 (the "registration statement"), which included a document that serves as a. 001-37511) The acquisition of Vivint Solar is expected to be completed during . Why Plug Power, Sunrun, and Vivint Solar Stocks Dropped This Morning Traders take profits out of Plug stock, while Sunrun and Vivint get torpedoed by an earnings miss. 1:20- cv-07051, asserts that a joint proxy statement/prospectus filed with the U.S. Securities and Exchange Commission . The country's two dominant solar development-and-installation companies completed a merger on Thursday, and it is likely to change the industry considerably going forward. Sunrun and Vivint Solar qualify all of their forward-looking statements by these cautionary statements.Additional Information and Where to Find ItIn connection with the Merger, Sunrun filed with . Sunrun - Get Sunrun Inc. Report said it reached an agreement to buy fellow solar company Vivint Solar - Get Vivint Solar Inc Report for about $1.46 billion in stock. Sunrun, a residential solar, battery storage and energy service business with headquarters in California, has agreed to acquire Utah-based Vivint Solar, a full-service residential solar firm, in an all-stock transaction valued at $3.2 billion. In connection with the proposed merger, on August 14, 2020, Sunrun filed with the SEC a registration statement on Form S-4 (the "registration statement"), which included a document that serves as a prospectus of Sunrun and a joint proxy statement of Sunrun and Vivint Solar (the "joint proxy statement/prospectus"). Sunrun (NYSE: RUN), America's biggest rooftop- solar company has announced that it will be taking over rival Vivint Solar (VSLR) for $3.2bn in an all-stock transaction in one of the biggest deals in industry history expected to close in the 4th quarter, pursuant to which each share of Vivint Solar common stock will be exchanged for 0.55 shares of Sunrun common stock, representing a combined . In connection with the proposed merger, Sunrun intends to file with the SEC a registration . On July 6, 2020, Vivint entered into an agreement and plan of merger (the "Merger Agreement") with Sunrun and Merger Sub. Sunrun Announces Definitive Agreement to Acquire Vivint Solar for an Enterprise Value of $3.2 billion Article Stock Quotes (2) Comments (0) FREE Breaking News Alerts from StreetInsider.com! Will receive 0.55 shares of Sunrun in Exchange for each share of Vivint Solar, Inc., a Delaware (! 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