Greentech Media's Eric Wesoff chronicles SunEdison's activity over the past year in his article SunEdison: A Timeline of the Biggest Corporate Implosion in US Solar History.
Wesoff's closing paragraphs paints a dim future for SunEdison:
S&P Capital IQ delivers a sober assessment: "While we would view a [Vivint] deal cancelation as a positive, it could result in more legal issues. In addition, SUNE has suspended preferred dividend payments, which we believe further illustrates SUNE’s highly constrained financial position. If SUNE cannot sell its existing assets, we see a greater probability for a liquidity crisis. We believe access to the debt and equity markets is elusive, given mounting issues."
It's a countdown now between the merger deal's termination date (March 18), SunEdison's declaration of bankruptcy (?), and a March 15 SEC Form 10-K filing. The clock is ticking.
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