Blackstone exercises cash clause in SunEdison’s $2.2. billion Vivint deal

After stepping in with a $250 million credit facility to help move along SunEdison’s $2.2 billion acquisition of Vivint Solar, 313 Acquisition LLC, a private equity firm managed by The Blackstone Group, is exercising a clause that will let Vivint shareholders other than 313 Acquisition to receive cash in exchange for Vivint common stock...