An investigation was announced for investors in NASDAQ:GLBL shares concerning the buyout of TerraForm Global Inc by Brookfield Asset Management Inc.
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 +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of TerraForm Global Inc breached their fiduciary duties owed to NASDAQ:GLBL investors in connection with the proposed acquisition.
On March 07, 2017 TerraForm Global Inc (NASDAQ:GLBL) 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.
Those who are current investors in NASDAQ:GLBL 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
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