TerraForm Global Initiates Process to Explore Strategic Alternatives

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Go back to TerraForm Global Initiates Process to Explore Strategic Alternatives

TerraForm Power (TERP) to Explore Strategic Options

September 19, 2016 8:06 AM EDT

TerraForm Power, Inc. (Nasdaq: TERP) announced that, at the recommendation of its Corporate Governance and Conflicts Committee, its Board of Directors has initiated a process to explore and evaluate potential strategic alternatives to maximize stockholder value, including a merger or sale of its entire business.

Our Board and management team have been working to preserve and protect stockholder value and, after careful review, we have decided that exploring all possible alternatives to maximize that value is in the best interests of all our stockholders, said Peter Blackmore, Interim Chief Executive Officer. With a... More