April 21- SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.
SunEdison is one of the largest bankruptcies by asset value in a decade.
In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. Shares of SunEdison were halted, and last traded at about 34 cents on the New York Stock Exchange. The company's stock traded as high as $33.44 in July 2015.
In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. "Our decision to initiate a court-supervised restructuring was a difficult but important step to address our immediate liquidity issues," said Ahmad Chatila, SunEdison chief executive officer. Shares of SunEdison were halted, and last traded...
Traders seem encouraged by the recent bout of Chinese economic data. They may be wrong.
The departure of Tepper to Florida has gotten so much attention that lawmakers are calling for changing the state's tax structure.
CNBC's Robert Frank explains why billionaire hedge fund manager David Tepper is fleeing the Garden State for greener pastures in tax-friendlier Florida.
Wilmington, Del., April 4- TerraForm Global Inc on Monday sued controlling shareholder SunEdison Inc for misappropriating $231 million of TerraForm Global's cash, days after hedge fund billionaire David Tepper made similar accusations against the struggling renewable energy company. TerraForm Global said SunEdison, which is being investigated by...
April 1- Hedge fund Appaloosa LP revealed a higher stake in TerraForm Power Inc, one of the two publicly listed units of SunEdison Inc, as it pursues an overhaul of a committee that oversees TerraForm shareholder rights. Billionaire David Tepper- led hedge fund said on Friday it owned 10.88 percent in TerraForm as of March 29, higher than the 9.50 percent it held as...
April 1- Hedge fund Appaloosa LP said on Friday it owned a 10.88 percent stake in TerraForm Power Inc, one of the two publicly listed units of struggling solar company SunEdison Inc.. Billionaire David Tepper- led hedge fund's new position in TerraForm Power as of March 29 is higher than the 9.50 percent it owned as of Jan. 1. Appaloosa is seeking an overhaul of...
Check out the companies making headlines after the bell Thursday: Starwood, Marriott, Tesla, SunEdison and more.
NEW YORK, March 30- Billionaire David Tepper's Appaloosa Management is seeking to overhaul TerraForm Power Inc's Conflicts Committee, claiming the company's controlling shareholder SunEdison Inc has breached its fiduciary duties. In an amended lawsuit filed on Tuesday in Delaware Chancery Court, Appaloosa said SunEdison and various TerraForm...
March 11- Troubled U.S. solar company SunEdison Inc named a successor to Chief Financial Officer Brian Wuebbels, who will take over as chief executive of its two units. Ilan Daskal, who will join by April 4, will become the company's CFO when Wuebbels moves to TerraForm Power Inc and TerraForm Global Inc- SunEdison's dividend-paying units, or "yieldcos".
Check out the companies making headlines after the bell Thursday: Weight Watchers, Palo Alto Networks, Kraft Heinz, Gap and more.
Appaloosa Management's David Tepper is making a bet in energy, reports CNBC's Susan Li.
Appaloosa becomes the latest large financial firm to establish itself in the area.
John Watson, chairman and CEO of Chevron, discusses at length his views on oil and the energy market.
Hedge fund honcho lights into solar firm
Gordon Johnson, Axiom Capital, discusses hedge fund manager David Tepper's comments about Terraform's too-cozy relationship with SunEdison.
John Stumpf, chairman and CEO of Wells Fargo, discussed at length his views on the stock market and economy on Tuesday morning.