Brookfield, TerraForm Global enter into talks about potential deal
TerraForm Global Inc, an affiliate of U.S. renewable energy company SunEdison Inc, has entered into an exclusivity agreement with Canada's Brookfield Asset Management to negotiate a potential deal. Before doing so, TerraForm Global said it had received a revised bid from Brookfield. It was proposed that Brookfield would either acquire 100 percent of the company for up to US$4.35 per share or replace SunEdison as the company’s sponsor and buy 50.1 percent of the outstanding shares for up to US$4.25 per share. Earlier this month, Brookfield submitted proposals for buying SunEdison's other affiliate, TerraForm Power Inc.
23 January 2017•5 mins read
