Comments on: Should Pattern Energy Shareholders Vote Against the Merger? https://www.altenergystocks.com/archives/2020/02/should-pattern-energy-shareholders-vote-against-the-merger/ The Investor Resource for Solar, Wind, Efficiency, Renewable Energy Stocks Thu, 12 Mar 2020 09:28:53 +0000 hourly 1 https://wordpress.org/?v=6.0.9 By: Arthur https://www.altenergystocks.com/archives/2020/02/should-pattern-energy-shareholders-vote-against-the-merger/#comment-4629 Thu, 12 Mar 2020 09:28:53 +0000 http://3.211.150.150/?p=10280#comment-4629 In reply to Jonah.

“(1) Such dividend will only be payable in the event the record date, which is March 31, 2020, occurs prior to the effective time of the merger under the Merger Agreement.”

https://investors.patternenergy.com/news-releases/news-release-details/pattern-energy-reports-fourth-quarter-and-year-end-2019

]]> By: Jonah https://www.altenergystocks.com/archives/2020/02/should-pattern-energy-shareholders-vote-against-the-merger/#comment-4622 Wed, 11 Mar 2020 15:07:16 +0000 http://3.211.150.150/?p=10280#comment-4622 In reply to Tom Konrad Ph.D., CFA.

That makes sense, thanks. And also, thanks for the excellent perspective over the years! I’ve been reading your articles since I first had cash to invest but couldn’t accept the hollow advice that I should hand it off to the corporate plunderers of the world.

]]> By: Tom Konrad Ph.D., CFA https://www.altenergystocks.com/archives/2020/02/should-pattern-energy-shareholders-vote-against-the-merger/#comment-4618 Tue, 10 Mar 2020 21:48:20 +0000 http://3.211.150.150/?p=10280#comment-4618 In reply to -J.

The company originally stated that they expect the deal to close in the 2nd quarter. In the PR today they said that the transaction would close “soon” so there does seems to be some uncertainty about this.

]]> By: -J https://www.altenergystocks.com/archives/2020/02/should-pattern-energy-shareholders-vote-against-the-merger/#comment-4617 Tue, 10 Mar 2020 20:37:58 +0000 http://3.211.150.150/?p=10280#comment-4617 It seems the buyout went through. But, why isn’t it trading close to buyout price + next dividend, i.e. ~27.2. Is the deal expected to close before they have to pay the March dividend?

]]> By: Tom Konrad Ph.D., CFA https://www.altenergystocks.com/archives/2020/02/should-pattern-energy-shareholders-vote-against-the-merger/#comment-4588 Fri, 21 Feb 2020 23:25:56 +0000 http://3.211.150.150/?p=10280#comment-4588 In reply to Arthur.

Thanks for the catch. Yes. (also fixed in the article.)

]]> By: Arthur https://www.altenergystocks.com/archives/2020/02/should-pattern-energy-shareholders-vote-against-the-merger/#comment-4587 Fri, 21 Feb 2020 20:08:42 +0000 http://3.211.150.150/?p=10280#comment-4587 just a small clarification – did you mean $28 where you say “but we could have also invested the $30 we got by selling today in one of the other Yieldcos”?

]]> By: Tom Konrad Ph.D., CFA https://www.altenergystocks.com/archives/2020/02/should-pattern-energy-shareholders-vote-against-the-merger/#comment-4584 Thu, 20 Feb 2020 02:18:12 +0000 http://3.211.150.150/?p=10280#comment-4584 In reply to Steve.

Selling half when you’re not sure which is the right option is often a good move. You may be able to vote “no” with the whole position, however… the votes are based on shareholders of record on Jan 31st.

]]> By: Steve https://www.altenergystocks.com/archives/2020/02/should-pattern-energy-shareholders-vote-against-the-merger/#comment-4583 Thu, 20 Feb 2020 01:50:29 +0000 http://3.211.150.150/?p=10280#comment-4583 I sold half my position shortly after the announcement, and I will vote no on the other half. PEGI would be trading in the low to mid 30’s easily if it stayed independent.

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