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SunEdison To Trim 15% Of Global Workforce

SunEdison said Monday that it will trim 15% of its global workforce as part of a restructuring plan intended to optimize business operations aligning with current and future market opportunities. The clean energy giant indicated in its filing with the SEC that it anticipates that the restructuring will involve total charges of roughly $30 million to $40 million, which will be recorded in the third quarter of 2015 through the first quarter of 2016.

SunEdison’s series of big acquisitions

The Maryland Heights, Missouri-based company has unveiled a series of big acquisitions. As detailed by ValueWalk, SunEdison and its unit TerraForm Power announced in July their decision to acquire Vivint Solar, the second largest solar installer in the U.S., in a deal valued at about $2.2 billion, including debt, to expand in the U.S. residential and commercial solar rooftop market. The solar company’s deal to acquire Vivint Solar at $16.50 per share represented a 51.7% premium to Vivint’s...