An investigation on behalf of investors of TerraForm Global Inc (NASDAQ:GLBL) in connection with the proposed takeover was announced and NASDAQ:GLBL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/20/2017 -- The acquisition of TerraForm Global Inc is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold shares of TerraForm Global Inc (NASDAQ:GLBL), concerning whether the takeover of TerraForm Global Inc by Brookfield Asset Management Inc for $5.10 per share is unfair.
Investors who purchased shares of TerraForm Global Inc (NASDAQ:GLBL) and currently hold any of those NASDAQ:GLBL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain TerraForm Global directors breached their fiduciary duties owed to NASDAQ:GLBL investors in connection with the proposed acquisition.
On March 07, 2017 TerraForm Global Inc announced that it has entered into a merger agreement under which Brookfield Asset Management Inc. will acquire TerraForm Global Inc (NASDAQ:GLBL) for approximately $787 million in cash and will assume approximately $455 million in net debt, representing an enterprise value of approximately $1.3 billion. Under the terms of the agreement, shareholders of TerraForm Global Inc (NASDAQ:GLBL will receive $5.10 in cash for each share of TerraForm Global Inc (NASDAQ:GLBL) common stock.
However, the investigation concerns whether the offer is unfair to NASDAQ:GLBL stockholders. More specifically, the investigation concerns whether the TerraForm Global Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of TerraForm Global Inc (NASDAQ:GLBL) closed on March 17, 2017 at $4.80 per share.
Those who are current investors in TerraForm Global Inc shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com