Deals
Brookfield Said to Shun Auction for SunEdison’s TerraForm Power
- Canadian firm said to be concerned about rules in the process
- Wind and solar business was formed by now-bankrupt SunEdison
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Brookfield Asset Management Inc., which had teamed with Appaloosa Management to bid for TerraForm Power Inc., isn’t planning to participate in an auction for the company due to concerns over the process, according to people familiar with the matter.
Brookfield is concerned about rules that would require it to relinquish voting rights and give up the ability to trade its shares if it were to take part in the auction, said the people, who asked not to be named because the discussions are private.