Sunedison private takeover for $4.50/pps

London, UK - March, 30 2016 - Sunedison (SUNE) As of March 29, SUNE shares had fallen 60% over their last day of trading. But in March the stock has surged 49% on rumors that David Einhorn might completely buy out the company. While Einhorn has given no public indication that a full buyout is in the cards, he did recently up his stake in SUNE.

SeekingAlpha noted that a short squeeze was likely responsible for a majority of the spike in SUNE, but there’s little doubt that the Einhorn rumors were a major catalyst for the move. Even if Einhorn doesn’t follow-up with a full takeover of SUNE for $4.50/pps, the fact that he upped his stake in the company serves as a much-needed vote of confidence for the slumping stock. The recent fake articles by WSJ and Debtwire raise extreme concern the share price has been brought down on a certain short agenda.



Baird financials is a privately owned hedge fund sponsor. The firm is based in London, UK.