Brookfield and La Caisse Complete $37.25/Share Acquisition of Boralex
BAM sits 32% above its 52-week low of $42.2.
Summary
Brookfield and La Caisse completed their acquisition of Boralex at $37.25 per share in cash, taking the renewable energy developer private. The deal was previously announced and now closes, with Boralex shares expected to delist from the Toronto Stock Exchange on or about August 17, 2026. This adds Boralex's 3,822 MW of installed capacity and 8.2 GW development pipeline to Brookfield's renewable platform, strengthening its position in Canada, France, and the U.S. The transaction is consistent with Brookfield's strategy of expanding its renewable energy footprint through partnerships with institutional investors. Boralex will operate independently, similar to other Brookfield platform companies.
At the time of this announcement, BAM was trading at $55.85 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $91.5B. The 52-week trading range was $42.20 to $63.37. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.