BREAKING: Brookfield takes over TerraForm Power, Global
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
TerraForm Global releases overdue Q2 2016 results
The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.
TerraForm Power, Global get serious with Brookfield
The two yieldcos have entered into an exclusive agreement with Brookfield towards a purchase of the company, and entered into an MOU with SunEdison towards settling lawsuits to enable this sale.
Brookfield bids to take over TerraForm Power, Global on the cheap
The Canadian asset manager’s latest offer is in line with TerraForm’s early January deadline for bids, and includes both buy-out and sponsorship options.
TerraForm Power gives January deadline for bids, warns shareholders about its ability to continue
The yieldco says that bidders must provide firm pricing by a defined date in January, as it allows the offer of an expedited takeover by Brookfield and Appaloosa to lapse.
Brookfield, Appaloosa propose expedited buy-out of TerraForm Power, Global
The two companies say they are willing to sign a contract for TerraForm by December 6 to avoid an additional payment to bondholders under the consent solicitation.
Brookfield proposes takeover of TerraForm Power
The Canadian asset manager has proposed to either take over as the sponsor or buy the company outright.
TerraForm adopts shareholder rights plan as Brookfield & Appaloosa attempt takeover
The yieldco’s “poison pill” was created to prevent sale of more than 15% of the company’s class A stock and to keep bidders from blocking the sale of the company.
