Notable Mergers and Acquisitions of the Day 07/03: (SUNE) (QCOM) (LULU) (RAI)/(LO) - InvestingChannel

Notable Mergers and Acquisitions of the Day 07/03: (SUNE) (QCOM) (LULU) (RAI)/(LO)

* SunEdison (NYSE: SUNE) completed its acquisition of a 50% ownership stake in Silver Ridge Power, LLC (“SRP”) from a subsidiary of The AES Corporation (NYSE: AES) for approximately $178.6 million in cash, after giving effect to certain pre-closing adjustments to the initial purchase price pursuant to the provisions of the acquisition agreement. Through its ownership in the SRP joint venture, SunEdison now owns a 50% interest in (i) 336 MW of solar power plant operating projects, including the 266 MW Mt. Signal solar project in California, and (ii) a 40% interest in the Tenaska Imperial Solar Energy Center