Highlight of the month: Pattern Energy's takeover deal
At the beginning of November 2019, one of our biggest holdings, Pattern Energy (PEGI) announced, that it had agreed to be acquired by Canada Pension Plan Investment Board. Stockholders will receive $26.75 per share in cash, with the transaction expected to close by the second quarter of 2020.
One month later, Pattern announced the expiration of the 35-day "Go-Shop Period" as well, citing that no further parties had expressed interest in pursuing a potential transaction deal.
Important to note, that as public shareholders we