SunEdison unit adopts poison pill to block Brookfield: Reuters
SunEdison Inc's unit TerraForm Power Inc said it had adopted a shareholders rights plan to prevent any sale of a significant number of Class A shares in the company, Reuters reported. Canada's Brookfield Asset Management Inc and U.S. hedge fund Appaloosa Management LP plan to jointly bid for SunEdison's stake in TerraForm Power, according to a recent regulatory filing. The rights plan is also aimed at fending off Brookfield's accumulation of its Class A shares, TerraForm Power said in a statement.
25 July 2016•2 mins read
