BALA CYNWYD, PA / ACCESSWIRE / March 19, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of TerraForm Power, Inc. ("TerraForm" or the "Company") (TERP) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the proposed acquisition of the Company by Brookfield Renewable Partners ("Brookfield Renewable") (NYSE - BEP). Under the terms of the agreement, TerraForm shareholders will only receive 0.381 Brookfield Renewable shares for each share of TerraFrom they own, representing consideration of $14.35 based on Brookfield Renewable's closing price on the announcement.
The investigation concerns whether the TerraForm Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Brookfield Renewable is underpaying for the Company. For example, at least one analyst has set a price target of $18.00 per share for TerraForm stock.
If you own shares of TerraForm stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/terraform-power-inc-nasdaq-terp/, or calling toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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