SunEdison - Terraform Power - Terraform Global SUNE/TERP/GLB Message Board

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Gold/Mining/Energy : SunEdison - Terraform Power - Terraform Global SUNE/TERP/GLB

SUNEQ 0.0101

-5.6%

Dec 29 3:00 PM EDT

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From: Sam	3/7/2017 9:06:37 AM
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Brookfield buying Terraform Global for $787M; shares up 16% Mar. 7, 2017 7:22 AM ET\|By: Stephen Alpher, SA News Editor The all cash deal also includes the assumption of $455 in debt, giving Terraform Global (NASDAQ: GLBL) an enterprise value of $1.3B. The $787M purchase price from Brookfield Asset Management (NYSE: BAM) works out to $5.10 per share, a 20% premium to last night's close, and about 50% more than GLBL's price in Sept. when the company put itself on the block. The deal is expected to close in H2, subject to a number of approvals, including that of the bankruptcy court overseeing the SunEdison ( OTCPK:SUNEQ) Chapter 11 case. Alongside today's sale, TerraForm and SunEdison have entered into a settlement agreement in connection with that case. GLBL +16.5% premarket to $4.95

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