Vivint Solar Approves Merger Agreement With SunEdison

According to a regulatory filing submitted by Vivint Solar Inc VSLR, the company's shareholders voted to approve its Plan of Merger with Sunedison Inc SUNE.

As part of the merger agreement, Vivint Solar will be bought by Sunedison for around $1.9 billion in cash, shares of Sunedison stock and notes. SunEdison's TerraForm Power Inc TERP will also pay close to $800 million for 470 megawatts of Vivint's assets.

Vivint shareholders voted overwhelmingly for the merger agreement with more than 100 million votes for and 100,000 votes against.

Shares of Sunedison spiked higher by more than 4 percent Thursday morning.