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U.S. Solar-Energy Company Sunrun to Buy Rival Vivint

U.S. residential-solar-market leader Sunrun Inc. has agreed to acquire rival Vivint Solar Inc. in a sector shake-up that could solidify the combined company’s position to fend off new competition.

Sunrun will buy Blackstone Group-backed Vivint in an all-stock transaction that implies an enterprise value of about $3.2 billion for the full-service residential solar provider, the two companies said in a joint statement late Monday.

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