Brookfield proposes to take 50-60 pct stake in TerraForm Power: Reuters

Brookfield Asset Management has proposed to take a 50-60 percent stake in bankrupt solar company SunEdison Inc unit TerraForm Power Inc, a week after it expressed interest in buying the yieldco, Reuters reported. The cash offer of US$13 for class A and class B shares of TerraForm Power is nearly in line with the class A stock's Thursday close of US$13.01. The Canadian alternative-asset manager also said it was prepared to make an offer for SunEdison's other unit TerraForm Global Inc.

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