TerraForm Power, Inc.
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TERRAFORM POWER MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF TERRAFORM POWER, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – TERP
March 17, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of TerraForm Power, Inc. (NASDAQ: TERP) to Brookfield Renewable Partners L.P. is fair to TerraForm Power shareholders. On January 14, 2020, Citigroup reportedly set a target price for TerraForm Power at $17.30 per share. On behalf of TerraForm Power shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The TerraForm Power merger investigation concerns whether TerraForm Power and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for TerraForm Power shareholders; (2) determine whether Brookfield is underpaying for TerraForm Power; and (3) disclose all material information necessary for TerraForm Power shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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