BOSTON, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors and whistleblowers nationwide, informs investors that it has opened an investigation into the announcement by TerraForm Power, Inc. (NASDAQ: TERP) of a proposed sale of TerraForm to its controlling stockholder, Brookfield Renewable Partners LP (NYSE: BEP).
Under the terms of the proposed merger, Terraform investors would receive 0.36 of a Brookfield unit for every Class A TerraForm share owned. The offer is valued at $17.31 per share, providing TerraForm investors with a premium of only 11% over the company’s closing price on January 10, 2020.
If you purchased or otherwise acquired TerraForm securities and have questions about your legal rights, or possess information relevant to this matter, you are encouraged to contact attorney Mark Delaney at (617) 398-5600, by email at mdelaney@blockesq.com, or by visiting https://shareholder.law/terp.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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CONTACT:
BLOCK & LEVITON LLP
Mark Delaney
(617) 398-5600 phone
260 Franklin Street, Suite 1860
Boston, MA 02110
mark@blockesq.com
