- TerraForm Global (GLBL) +2.5% premarket after saying it received a revised offer from Brookfield Asset Management (BAM) to either acquire 100% of GLBL for as much as $4.35/share or replace SunEdison (OTCPK:SUNEQ) as the company’s sponsor and purchase 50.1% of outstanding shares for as much as $4.25/share.
- GLBL says its exclusivity agreement with BAM will expire on March 6; TerraForm Power (TERP) says its own exclusivity agreement with BAM regarding its previously disclosed strategic alternatives process will expire on Feb. 21.