Oct 14 (Reuters) - Hedge fund manager D.E. Shaw and Co said it may make a non-binding proposal for SunEdison Inc’s stake in Terraform Power Inc, according to a regulatory filing on Friday.
D.E. Shaw and Co was evaluating various deals with the two companies which could result in a controlling stake in Terraform Power. (bit.ly/2egBvvm)
In August, Reuters reported that the hedge fund manager was weighing a bid for SunEdison’s controlling stake in TerraForm Power, the bankrupt company’s most valuable asset, according to sources.
TerraForm Global Inc and TerraForm Power Inc , the “yieldcos” of bankrupt solar company SunEdison Inc, said in September that they were exploring strategic alternatives, including a sale of their entire business. (Reporting by Vishaka George in Bengaluru; Editing by Shounak Dasgupta)