Don't remember the article but it did mention that's a real possibility. Brookfield acquired 12% and doubled that through derivatives and expressed a desire to buy out their voting shares. Also Appaloosa is keeping up the pressure on SUNEQ and it's departed executives. A lawyer for Appaloosa recently said that their are pursuing their lawsuit because the SUNEQ management is still tainted. So many pressures exist for SUNEQ to release any control over TERP and they may as well believe that selling their interest is the best thing so they can concentrate on reviving SUNEQ as a viable entity. Today's rise is probably the realization that that will be the final outcome with more investors placing their bets. Who knows if the hedge funds picked up more shares today? They are in the best position with information gathering capabilities.
Creditors would must likely approve this move. Whatever remains of SUNEQ will be a shadow of what it once was. Auctioning the yieldcos shares, which we know that a verifiable market exists, will free up money to complete the existing projects on their book and also would terminate the GLBl lawsuit against them for the advanced money GLBL already provided the Indian project.