TerraForm Power Closes Merger and Sponsorship Transaction
TERRAFORM POWER (TERP)
Last terraform power earnings: 3/17 06:50 am
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US:NASDAQ Investor Relations:
ir.terraform.com/phoenix.zhtml?c=253464&p=irol-irhome
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Source: GlobeNewswire
BETHESDA, Md., Oct. 16, 2017 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”) today announced the closing of its previously announced merger and sponsorship transaction. Brookfield Asset Management (“Brookfield”) has assumed the role of TerraForm Power’s sponsor and Brookfield, together with its institutional partners, is now TerraForm Power’s controlling shareholder, holding 51% of its outstanding common shares. John Stinebaugh, the newly appointed Chief Executive Officer of TerraForm Power said: “We are confident that TerraForm Power is well-positioned for success. We see multiple paths to accretively grow the business, both organically and through acquisitions that will expand our premier portfolio of operating solar and wind assets. We look forward to executing on our plan to surface significant value and deliver compelling returns to investors.” In connection with the merger, stockholders were given the option to elect for each share of Class A
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