Brookfield to increase its stake in TerraForm Power

Canada-based asset manager Brookfield Asset Management, Inc. is planning to increase its existing stake in TerraForm Power, Inc. to 51 per cent by acquiring the additional shares at $11.46 per share. Brookfield will pay $787 million in cash and assume about $455 million in net debt. TerraForm Power’s shareholders will have the option of being paid in cash or $1.94 per existing share and one share in TerraForm Power post closing.

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