CPPIB, a global investment management organization, completed the acquisition of Pattern Energy, a publicly-traded renewable energy company, for $6.1bn. Under the terms of the merger agreement, Pattern Energy shareholders received $26.75 in cash consideration for each share of Pattern Energy, representing a premium of approximately 14.8% to Pattern Energy's closing share price on August 9, 2019. "This agreement with CPPIB and Riverstone provides certain and significant value for Pattern Energy shareholders with an all-cash transaction at a very attractive stock price. Over the years, Pattern Energy has been able to provide shareholders with a consistent dividend and now our shareholders can realize the value embedded in the Company. We believe the proposed transaction reflects the strength of the platform we have built," Mike Garland, Pattern Energy CEO.