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D.E. Shaw set to enter race for SunEdison's TerraForm Power: sources

Hedge fund manager D.E. Shaw & Co LP is weighing a bid for SunEdison Inc's (SUNEQ.PK) controlling stake in TerraForm Power Inc (TERP.O), the bankrupt U.S. renewable energy producer's most valuable asset, according to people familiar with the matter.

D.E. Shaw's emergence as a possible bidder for TerraForm Power indicates that the potential sale process for the so-called "Class B" shares of TerraForm Power, which was formed by SunEdison to buy and operate its solar and wind power plants, is likely to be competitive.

Another hedge fund, Appaloosa Management LP, and asset manager Brookfield Asset Management Inc (BAMa.TO), have already announced plans to jointly bid on SunEdison's TerraForm Power Class B shares.

D.E. Shaw's bid preparations have not been finalized and there is no certainty its bid will materialize, the people said. Spokespeople for SunEdison and TerraForm...


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