Today TerraForm Power, one of SunEdison's two holding vehicles for renewable energy assets, announced a "Stockholder Protection Rights Agreement" which it says will allow for proposals to acquire the yieldco to be considered without being blocked by parties with an ownership stake. This follows Brookfield Asset Management's Friday announcement that it had joined forces with hedge fund manager David Tepper's Appaloosa Management to buy up SunEdison's share in TerraForm Power. SunEdison currently owns the class B "controlling" shares of TerraForm, while the class A shares are owned by private investors and the company's executives. A statement by TerraForm Power made it clear that the motion was a response to the bid by Brookfield and Appaloosa. Including affiliates the two companies have "aggregate economic exposure" to 34% ...Den vollständigen Artikel lesen ...