TerraForm Power Said to Plan September Share Auction

Corrected
  • Sale follows Brookfield-Appaloosa interest in Class B shares
  • Terms may give TerraForm effective veto over potential buyer

TerraForm Power Inc., the wind-and-solar company formed by the bankrupt SunEdison Inc., is setting up a formal auction to sell itself after Brookfield Asset Management Inc. attempted to take control of the company, according to two people with knowledge of the matter. 

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