Pattern Energy has 'drawn interest' from third-party suitors [Business News Network (BNN) Energy & Resources (Canada)]
PATTERN ENERGY GROUP INC CL (PEGI)
Last pattern energy group inc cl earnings: 3/2 06:00 am
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Source: Business News Network
Pattern Energy has 'drawn interest' from third-party suitors Pattern Energy Group Inc. (PEGI.O), a power producer that owns wind and solar farms in the U.S., Canada and Japan, has “drawn interest” from potential takeover suitors, according to a statement Tuesday. "No agreement or arrangement for any transaction has been reached," the San Francisco-based company said in the statement, confirming an earlier report in Bloomberg News. "Pattern Energy has a track record of regularly assessing various types of transactions that may be in the best interests of Pattern Energy and its shareholders." Pattern Energy is working with a financial adviser after drawing interest from suitors including Brookfield Asset Management Inc., which has floated the idea of merging the company with TerraForm Power Inc., according to people familiar with the matter, who asked to not be identified because the matter isn’t public. Brookfield owns about 65% of TerraForm Power, according to data compiled by Bloombe
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