Brookfield Renewables Submits Proposal to Acquire TerraForm Power

Saur Energy | Jan 14, 2020 at 5:57 AM
  • Pursuant to the proposed transaction, each Class A common share of TerraForm Power would be acquired, on a tax-deferred basis, for consideration equivalent to 0.36 of a Brookfield Renewable unit.
  • The BEPC shares will be structured with the intention of providing an economic return equivalent to Brookfield Renewable units, including identical distributions, and will be exchangeable, at the shareholder’s option, for Brookfield Renewable units on a one-for-one basis.
  • As such, the proposed transaction would allow TerraForm Power shareholders to acquire economic exposure to Brookfield Renewable through shares of a corporation.