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Gold/Mining/Energy : SunEdison - Terraform Power - Terraform Global SUNE/TERP/GLB
SUNEQ 0.0101-5.6%Dec 29 4:00 PM EST

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From: Sam9/19/2016 9:12:32 AM
   of 676
 
TerraForm Power, TerraForm Global to explore strategic alternatives
Sep 19 2016, 08:55 ET | About: TerraForm Power, Inc. (TERP) | By: Carl Surran, SA News Editor

TerraForm Power (NASDAQ: TERP) +5.3% and TerraForm Global (NASDAQ: GLBL) +1.4% premarket after the SunEdison ( OTCPK:SUNEQ) spinoffs say they are evaluating potential strategic alternatives, including a merger or sale of their entire businesses ( I, II).

The companies say they are open to considering transactions involving a new sponsor, including through negotiation of new sponsorship arrangements or through assumption of SUNE's existing sponsorship agreements.

SUNE may require bankruptcy court approval on decisions such as how to vote its shares in TERP and GLBL.

seekingalpha.com
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