SunEdison to Sell Stakes in TerraForm Yieldcos to Brookfield

SunEdison Inc. took a major step forward in its bankruptcy reorganization, agreeing to relinquish control of its two yieldco units to Canada’s biggest alternative asset manager and clearing up some of the litigation brought by the affiliates. Brookfield Asset Management Inc. agreed to increase its stake in TerraForm Power Inc. to 51 percent, acquiring the additional shares at $11.46 each, according to a statement on Tuesday.