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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (1909)	8/29/2016 12:25:55 PM
From: Kirk ©	Respond to of 26905

More SUNE news means a few more bucks for the bond holders. GCL-Poly Energy Holdings, the world's biggest maker of polysilicon for solar cells, has agreed to purchase the solar-material business of SunEdison ( OTCPK:SUNEQ) for $150M. GCL's ( OTC:GCPEY) acquisition includes subsidiaries SunEdison Products Singapore, MEMC Psadena, Solaicx, and its shares in SMP, a Korean joint venture. SunEdison filed for Chapter 11 bankruptcy protection in April with $16.1B in liabilities. Separately, D.E. Shaw & Co is weighing a bid for SunEdison's ( OTCPK:SUNEQ) controlling stake in TerraForm Power (NASDAQ: TERP), the bankrupt renewable energy producer's most valuable asset. The hedge fund and its affiliates already own some TERP common shares after receiving them in an agreement announced last year upon forgiving debt owed by SunEdison. Appaloosa Management and Brookfield Asset Management (NYSE: BAM) have also announced plans to jointly bid on the so-called "Class B" shares of TerraForm Power.