Behind TerraForm Power Inc's 37% Share Pop Today
Brookfield Asset Management's (NYSE: BAM) buyout of TerraForm Power Inc (NASDAQ: TERP) is now complete, and the stock had a strange move higher today. According to Yahoo! Finance, shares are up 37% today, which is technically true based on yesterday's closing price, but it's not quite true for the full value shareholders are holding today.
The buyout offered shareholders a special dividend of $1.94 per share and either $9.52 per share in cash or a share of the new stock. Depending on how investors elected to be paid, Brookfield would prorate the transaction.
Image source: Getty Images.
Source: Fool.com
Brookfield Corp. Aktie
41,10 €
1,23 %
Die Community neigt bei Brookfield Corp. zu Buy-Einschätzungen, mehr als zu Sell-Einschätzungen.
Ein leichtes Potenzial nach oben für Brookfield Corp. mit einem Kursziel von 42 € gegenüber dem aktuellen Kurs von 41.1 €.
