When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BAM - A 4% Merger Arbitrage Opportunity With Brookfield And TerraForm
Brookfield Asset Management Inc.
On January 13th, TerraForm Power (TERP) received an unsolicited offer from Brookfield Renewable Partners (BEP). The proposed offer is 0.36 shares of BEP for each share of TERP. At the time, this represented a premium of 11% according to Brookfield but due to the strong performance of BEP, the value of the offer has increased and TERP trades 35% higher than the day prior to announcement. Year to date, TERP has gained almost 38%.
This may sound great, but it is not the point. What is truly special about