Brookfield to buy TerraForm Global, 51 percent of TerraForm Power: Reuters

(Reuters) — Brookfield Asset Management Inc (BAM.N) (BAMa.TO) said on Tuesday it would buy TerraForm Global Inc (GLBL.O) for about $787 million and acquire 51 percent of TerraForm Power Inc (TERP.O).

TerraForm Global and TerraForm Power are units of bankrupt U.S. solar company SunEdison Inc (SUNEQ.PK).

Brookfield will pay $5.10 per class A share of TerraForm Global, a 20 percent premium to the stock’s Monday close.

TerraForm Power class A shareholders will get $11.46 per share in cash, lower than Brookfield’s previous offer of $12 per share.