Jump to content
dydo

TerraForm Global (GLBL)

Recommended Posts

This one will be moved to M&A thread

Share this post


Link to post
Share on other sites

Happy to see the offer, but it looks like BAM is paying ~$100M for all assets and debt of GLBL, if you subtract off the reported cash (3Q 2016) from the purchase price...

I'd like to see someone *goose* BAM by offering $60M-$70M more for GLBL and see what BAM does...

Share this post


Link to post
Share on other sites

Wow, even the buyout offer has drama!  According to posters on SA, BAM originally offered sponsorship (@$4.25/sh) or 100% buyout (@$4.35sh) to GLBL and there was a side deal with SUNE that effectively boosted those prices to about $5-$5.1/sh. BAM got exclusivity agreement.  Then during exclusivity period BAM withdrew sponsorship offer (leaving only buyout), and meanwhile another party made an offer at $4.5/sh (i.e. above BAM).  But GLBL stuck with BAM

Hence all the lawsuits flying... 

Share this post


Link to post
Share on other sites

Sold half my GLBL at open.  Did okay on it, but somehow I'm left feeling a bit cheated...

Share this post


Link to post
Share on other sites

Made great gains on TERP, GLBL and now TSL.  Hoping we see momentum on rest of sector as we move through the year -- just nice to see some legit wins from the sector for a change.

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.



×