(Bloomberg) SunEdison Inc. sank the most in a month after Appaloosa Management LP, a hedge fund run by billionaire David Tepper, sought documents from TerraForm Power Inc. on a recent management shakeup there and on acquisitions its parent company recently renegotiated. Appaloosa said on Dec. 2 that it acquired a 9.5 percent stake in TerraForm, a holding company formed by SunEdison to own and operate power plants. It accused TerraForm’s management of acting more in the interest of SunEdison than its own shareholders in deals between the companies.
SunEdison Sinks as Appaloosa Seeks Detail on TerraForm Deals
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