By Colin Kellaher
Pattern Energy Group Inc. (PEGI.T, PEGI) Tuesday confirmed that it has drawn takeover interest and is responding to the inquiries, but it said no agreements have been reached.
Bloomberg on Monday reported that the San Francisco independent power company was considering its options after drawing interest from suitors including Brookfield Asset Management, which reportedly floated the idea of merging Pattern with TerraForm Power.
Pattern's U.S.-listed shares rose nearly 8% on Monday to close at $25.15.
Pattern didn't identify any of the potential bidders, and it said a deal may or may not be reached.
Pattern said its policy is to not comment on market speculation or rumors, but said it was responding to a request for comment from the Investment Industry Regulatory Organization of Canada.
Trading in Pattern shares was halted premarket Tuesday.
Write to Colin Kellaher at email@example.com