TerraForm Global Cancels Globeleq Deal Amid Shift in StrategyBy
Announced acquisition of Globeleq Mesoamerica Energy in June
`Acquisition didn’t make sense anymore,' analyst says
TerraForm Global Inc., a power-plant holding company controlled by SunEdison Inc., canceled a deal this week to buy a Central American renewable-energy developer, a move that reflects the two struggling companies’ reshaped ambitions.
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