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SunEdison plunges on report of plans to file for bankruptcy

Renewable-energy firm is said to be in talks with two creditor groups for a loan to tide it over during the process

Published Sun, Apr 3, 2016 · 09:50 PM
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New York

INVESTORS had a swift and emphatic response to a report on Friday that SunEdison Inc was preparing to file for bankruptcy protection: sell.

The Wall Street Journal reported after US markets closed on Friday that SunEdison, the world's largest renewable-energy company, is in talks with two creditor groups for a loan to tide it over during the process. The newspaper cited unidentified people familiar with the matter.

SunEdison's shares last changed hands at 23.5 cents in heavy after-hours activity on Friday evening, down 45 per cent from 43 cents at the end of regular trading on the New York Stock…

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