UPDATE: Brookfield (BAM) Said to Shun Auction for TerraForm Power (TERP) - Bloomberg

September 30, 2016 2:24 PM EDT

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(Updated - September 30, 2016 2:27 PM EDT)

Brookfield (NYSE: BAM) isn't planning to participate in an auction for TerraForm Power (Nasdaq: TERP), according to Bloomberg, citing people familiar with the matter. The report said Brookfield is concerned about the process and rules that would require it to relinquish voting rights and give up the ability to trade its shares if it were to take part in the auction.

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