SunEdison Gets OK For $15M Asset Sale To Mitsui Unit

By Matt Chiappardi (January 27, 2017, 1:32 PM EST) -- A New York bankruptcy judge on Thursday gave clean energy giant SunEdison Inc. the green light to sell its commercial and industrial business development line to a unit of Japanese conglomerate Mitsui & Co. in a private deal for $15 million.

In a 22-page order, U.S. Bankruptcy Judge Stuart M. Bernstein gave the go-ahead for the private sale, a Chapter 11 transaction in which assets do not have to be up for auction in an attempt to garner higher bids.

"Approval of the sale motion, the purchase agreement and the transactions contemplated thereby, including, without limitation, the sale transaction, is in...

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