Bulletin
Investor Alert

New York Markets Close in:

Jan. 14, 2020, 11:18 a.m. EST

Block & Leviton LLP Investigates Proposed Buyout of TerraForm Power Inc.

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    TerraForm Power Inc. Cl A (TERP)
  • X
    Brookfield Renewable Partners L.P. (BEP)

or Cancel Already have a watchlist? Log In

BOSTON, Jan 14, 2020 (GLOBE NEWSWIRE via COMTEX) -- Block & Leviton LLP ( www.blockesq.com ), a securities litigation firm representing investors and whistleblowers nationwide, informs investors that it has opened an investigation into the announcement by TerraForm Power, Inc. /zigman2/quotes/205933696/composite TERP +2.27% of a proposed sale of TerraForm to its controlling stockholder, Brookfield Renewable Partners LP /zigman2/quotes/203824572/composite BEP +2.16% .

Under the terms of the proposed merger, Terraform investors would receive 0.36 of a Brookfield unit for every Class A TerraForm share owned. The offer is valued at $17.31 per share, providing TerraForm investors with a premium of only 11% over the company's closing price on January 10, 2020.

If you purchased or otherwise acquired TerraForm securities and have questions about your legal rights, or possess information relevant to this matter, you are encouraged to contact attorney Mark Delaney at (617) 398-5600, by email at mdelaney@blockesq.com, or by visiting https://shareholder.law/terp .

Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.

This notice may constitute attorney advertising.

CONTACT:

BLOCK & LEVITON LLP

Mark Delaney

(617) 398-5600 phone

260 Franklin Street, Suite 1860

Boston, MA 02110

mark@blockesq.com

https://ml.globenewswire.com/media/582f8ff5-dda1-458c-b0b6-cc833c566289/small/block-leviton-llp-logo.jpg

(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

/zigman2/quotes/205933696/composite
US : U.S.: Nasdaq
$ 17.13
+0.38 +2.27%
Volume: 8,517
April 9, 2020 9:34a
P/E Ratio
N/A
Dividend Yield
4.81%
Market Cap
$3.79 billion
Rev. per Employee
$4.56M
loading...
/zigman2/quotes/203824572/composite
US : U.S.: NYSE
$ 45.78
+0.97 +2.16%
Volume: 4,009
April 9, 2020 9:35a
P/E Ratio
N/A
Dividend Yield
4.84%
Market Cap
$13.83 billion
Rev. per Employee
$1.29M
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.