NEW YORK, NY / ACCESSWIRE / January 15, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased TerraForm Power, Inc. ("TerraForm" or the "Company") (TERP) stock prior to January 13, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of TerraForm to Brookfield Renewable Partners L.P. ("Brookfield Renewable") (BEP). Under the terms of the proposed sale, each share of Class A common stock of TerraForm would be acquired for consideration of 0.36 of a Class A share of Brookfield Renewable's subsidiary, Brookfield Renewable Corporation ("BEPC"). The deal proposal further states that BEPC's Class A shares will be fully exchangeable, on a one-for-one basis, into units of Brookfield Renewable. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The TerraForm merger investigation concerns whether the Board of TerraForm breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Brookfield Renewable is underpaying for TerraForm shares, thus unlawfully harming TerraForm shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP
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