January 13, 2020 / 6:20 PM / in 3 months

CORRECTED-BUZZ-TerraForm Power: Rises on buyout offer from Brookfield Renewable

(Corrects headline to remove reference to “$4 bln”)

** Shares in electric utility rise 8.3% to $16.90 in premarket trade

** Brookfield Renewable Partners offers to buy remaining 38% stake of TERP in a deal that values the electricity utility at ~$4 bln

** Brookfield Renewable, which along with its affiliates owns 62% stake in TERP, values the electric utility at $17.31/Class A share

** The $17.31 price, represents an 11% premium to TerraForm Power’s last close

** TERP gained 37.2% in 2019 (Reporting by Arunima Kumar in Bengaluru)

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