The market certainly sees some good things ahead for TerraForm Power (NASDAQ: TERP), the embattled yieldco that's being partially bought out by Brookfield Asset Management (NYSE: BAM). Shares are trading at $13.60 as of this writing, well exceeding the cash buyout price of $11.46 per share. That means that when the buyout takes place, a vast majority of shareholders will take their $1.94 special dividend and one share of new TerraForm Power stock (or less if the deal is prorated). It's unusual for a stock to trade so far above a buyout price, but in this case, it may be warranted.
Comment on How Brookfield Asset Management Could Improve TerraForm Power
newsfeedback@fool.com (Travis Hoium), The Motley Fool
Tue, 09/26/2017 - 2:08pm
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