Pattern Energy confirms interest from third parties, and says is responding “as appropriate.”
Pattern Energy Group Inc. has confirmed interest from third parties in relation to a potential takeover and is responding to their inquiries “as appropriate.”
More specifically, the San Francisco-based, independent power company said it was responding to a request from the Investment Industry Regulatory Organization of Canada to comment on recent media reports. The stock is also listed on the Toronto exchange.
“A transaction may or may not be agreed as a result of any such inquiries or discussions,” the company said in a statement, adding that it regularly assesses potential deals, that include joint ventures, asset M&A, debt and equity capital transactions, and project debt re-financings.
The company will not make any further public statements on rumors or speculation unless it deems it to be necessary. The stock was halted for the news, but has gained 35% in 2019, while the S&P 500 SPX, +1.54% has gained 15%.
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