Brookfield Asset Management has agreed to acquire renewable energy producer Boralex Inc in a deal valued at approximately $9bn, partnering with La Caisse de dépôt et placement du Québec to take the business private.
Under the terms of the agreement, Boralex shareholders will receive CAD37.25 per share in cash, representing a 31.8% premium to the company’s closing price on 20 March and a 36.4% premium to its 30-day volume-weighted average price. The transaction implies an equity value of around $...
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