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PEGI - $26.75 Is A Good Offer For Pattern Energy: Why You Should Take It
Pattern Energy Group Inc.
At its Q3 earnings on Monday, Pattern Energy Group (PEGI) announced that it agreed to be acquired by Canada Pension Plan Investment Board (CPPIB). As with any takeover, a logical question is whether the price offered is fair and if holding the shares is perhaps a better alternative. In this article I will explore the merits of the offer and show why shareholders would be wise to accept it.
First of all, there is an upcoming dividend payment of $0.42 per share. Shareholders who offer their shares are entitled to that dividend, plus