Brookfield to buy TerraForm Global, 51 pct of TerraForm Power

AlTi Global

07/03/2017 12:13

March 7 (Reuters) - Brookfield Asset Management Inc  BAM.N  
 BAMa.TO  said on Tuesday it would buy TerraForm Global Inc 
 GLBL.O  for about $787 million and acquire 51 percent of 
TerraForm Power Inc  TERP.O . 
    TerraForm Global and TerraForm Power are units of bankrupt 
U.S. solar company SunEdison Inc  SUNEQ.PK . 
    Brookfield will pay $5.10 per class A share of TerraForm 
Global, a 20 percent premium to the stock's Monday close. 
 urn:newsml:reuters.com:*:nMKW09L1Ga 
    TerraForm Power class A shareholders will get $11.46 per 
share in cash, lower than Brookfield's previous offer of $12 per 
share. 
 
 (Reporting by John Benny in Bengaluru; Editing by Sai Sachin 
Ravikumar) 
 ((John.Benny@thomsonreuters.com ; within U.S. +1 646 223 8780; 
outside U.S. +91 80 6749 6718; Reuters Messaging: 
John.Benny.thomsonreuters.com@reuters.net)) 
 
Keywords: TERRA GLOB BROOKFIELD ASSET/