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15

The Financial Alchemy That’s Choking SunEdison

By Tony Seruga

Harry Campbell

If SunEdison enters into bankruptcy, the autopsy will no doubt reveal a suicide, finding the solar energy company done in by financial engineering that was too clever and by a failure of its executives and investment bankers to remember the lessons of the financial crisis.

SunEdison is not dead yet, but it is floundering. The immediate cause of its distress is the now-terminated agreement to acquire Vivint for $2.2 billion that was struck last July…

The Financial Alchemy That’s Choking SunEdison

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