Water Island Capital, LLC Issues Open Letter to Shareholders of Pattern Energy Group, Inc.

NEW YORK--(BUSINESS WIRE)--Water Island Capital, LLC (“Water Island”), the manager of investment funds beneficially owning 4,010,772 shares of Pattern Energy Group, Inc. (NASDAQ: PEGI) (“Pattern Energy”) common stock, issued an open letter today to Pattern Energy shareholders detailing reasons for rejecting the proposed acquisition of Pattern Energy by Canada Pension Plan Investment Board (“CPPIB Merger”) at the special meeting of Pattern Energy shareholders scheduled to be held on March 10, 2020 (the “Special Meeting”).