How Brookfield Asset Management Could Improve TerraForm Power
The market certainly sees some good things ahead for TerraForm Power (NASDAQ: TERP), the embattled yieldco that's being partially bought out by Brookfield Asset Management (NYSE: BAM). Shares are trading at $13.60 as of this writing, well exceeding the cash buyout price of $11.46 per share. That means that when the buyout takes place, a vast majority of shareholders will take their $1.94 special dividend and one share of new TerraForm Power stock (or less if the deal is prorated).
It's unusual for a stock to trade so far above a buyout price, but in this case, it may be warranted. In fact, Brookfield could add a lot of value to TerraForm Power in the long term.
Image source: Getty Images.
Source: Fool.com
Brookfield Corp. Aktie
39,60 €
-0,50 %
Die Brookfield Corp. Aktie erhält mehrere Buy-Einschätzungen, übersteigt die Sell-Zahlen.
Mit einem Kursziel von 42 € für Brookfield Corp. könnte eine leichte Steigerung gegenüber dem aktuellen Kurs von 39.6 € erreicht werden.
