Pattern Energy Group stockholders have voted to approve the company’s pending merger deal with Canada Pension Plan Investment Board (CPP Investments).
All the approvals required to complete the transaction have now been secured and Pattern expects the deal to close shortly.
Pattern Energy board of directors chairman Alan Batkin said: “We thank our stockholders for their support and for recognising the significant, immediate and certain value of our Transaction with CPP Investments.
“We look forward to completing the transaction shortly and delivering this premium cash value to our stockholders.”
Evercore and Goldman Sachs are acting as independent financial advisors and Weiss, Rifkind, Wharton & Garrison legal advisor to Pattern Energy’s special committee of the board.
Under the terms of the deal, CPP Investments will acquire Pattern Energy, while concurrently the former and Riverstone Holdings have entered into an agreement to merge Pattern Energy and Pattern Development under common ownership.