odyd

TerraForm Global (GLBL)

Started by odyd,

    223 posts in this topic

    Posted · Report post

    The PR: https://finance.yahoo.com/news/terraform-global-consents-sale-sunedison-201500854.html

    They give up the claim on the assets, but retain a financial claim on SUNE, so booking the loss can probably be delayed further.

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    Posted · Report post

    Not sure of this means they are taking themselves out of the bidding.  Stock dropped big time on report then recovered quickly.

    http://seekingalpha.com/news/3211842-bloomberg-brookfield-shuns-auction-terraform-power

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    Posted · Report post

    Brookfield was not bidding on TERP primarily because of auction rules - but it won't give up what it holds now. Not sure if anyone has announced bidding on GLBL.

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