Brookfield Proposes Taking Over TerraForm Power and Global

Brookfield Asset Management Inc., Canada’s largest alternative asset manager, met with members of TerraForm Global Inc.’s board this week to discuss the possibility of buying the company as part of a deal to acquire TerraForm Power Inc., according to regulatory filings.

Toronto-based Brookfield discussed two transactions with TerraForm Global’s board members, the filings show. One would include Brookfield purchasing all the outstanding Class A and Class B shares in TerraForm’s companies, which would stay publicly listed. Brookfield would replace bankrupt SunEdison Inc. as a sponsor of the companies.