March 7, 2017 / 2:02 PM / in 8 months

BUZZ-TerraForm Global: Brookfield Asset to buy company

** Shares of SunEdison yieldco TerraForm Global rise 16.5 pct to $4.95 in heavy premarket trade

** Shares of other SunEdison yieldco TerraForm Power up 0.5 pct at $11.65 premarket

** If current gains hold, GLBL is set to post biggest intraday pct gain in over 10 months

** Brookfield Asset Management to buy GLBL for $787 mln and take 51 pct stake in TERP for $1.7 bln

** Brookfield offers $5.10 per class A GLBL share - a 20 pct premium to its last close; TERP shareholders to receive $11.46/shr in cash, a discount of a little over 1 pct

** Up to Monday’s close, GLBL had risen 54 pct while TERP had climbed 32.5 pct since Brookfield first reported a stake in TERP in June

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below