Brookfield Outlines Handful Of TerraForm Takeover Proposals

Law360, New York (January 11, 2017, 1:37 PM EST) -- Brookfield Asset Management has laid out several alternative acquisition proposals for TerraForm Power, as the Canadian alternative asset manager continues its monthslong pursuit of bankrupt solar company SunEdison’s yieldco, according to a Tuesday regulatory filing.

Canada’s Brookfield Asset Management Inc. outlined four separate proposals for a potential acquisition of TerraForm Power Inc. from SunEdison Inc. in a Tuesday filing with the U.S. Securities and Exchange Commission.

The alternative proposals included purchasing all of TerraForm Power’s stock for $11.50 per share in cash and replacing SunEdison as...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.