Brief: Terraform Global initiates process to explore strategic alternatives

AlTi Global

19/09/2016 13:05

Sept 19 (Reuters) - Terraform Global Inc  GLBL.O : 
    * Terraform Global initiates process to explore strategic 
alternatives 
    * Board of directors has initiated a process to explore and 
evaluate potential strategic alternatives 
    * Notified SunEdison that its corporate governance and 
conflicts committee is prepared to enter into discussions with 
SunEdison 
    * Entered into confidentiality arrangements with SunEdison 
to allow Terraform Global to share information about strategic 
alternatives 
    * Prepared to enter talks with SunEdison to settle 
intercompany claims and defenses between Terraform Global and 
SunEdison 
    * Actively exploring potential sale of all of Terraform 
Global's equity interests, as well as alternative structures 
    * Also is taking appropriate steps to operate as an 
independent company without a new sponsor, if that should become 
necessary 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nGNXNDCYNa 
Further company coverage:  GLBL.O  
 
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