Harwood Feffer LLP Announces Investigation of Vivint Solar, Inc.

NEW YORK, July 20, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Vivint Solar, Inc. ("Vivint" or the "Company") (NYSE: VSLR) concerning the proposed acquisition of the Company by SunEdison, Inc. ("SunEdison") (NYSE: SUNE).

Under the terms of the offer, SunEdison would acquire Vivint in a transaction valued at approximately $2.2 billion.  Pursuant to the deal, Vivint stockholders would receive approximately $16.50 per Vivint share owned, consisting of $9.89 per share in cash, $3.31 per share in Edison common stock, and $3.30 per share in SunEdison.  According to Yahoo Finance, multiple analysts have set target prices for Vivint share above the offer price.  In fact, the median analyst target price is $20 per Vivint price and the high target price is $23.00

Our investigation concerns whether the Vivint board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Vivint shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP