Brookfield lists proposals for potential TerraForm Power deal: Reuters
Brookfield Asset Management said it had submitted alternative proposals regarding its interest in buying bankrupt solar company SunEdison Inc's "yieldco", TerraForm Power IncReuters reported. Canada's largest alternative-asset manager said it would purchase all of TerraForm Power's outstanding shares for US$11.50 in cash for a total consideration of US$1.6 billion. It said it was open to raising the offer to US$12.50 per share in cash if it can also buy SunEdison's other "yieldco", TerraForm Global Inc. Brookfield is TerraForm Power's largest investor, with a 12.12 percent stake.
11 January 2017•1 min read
