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Western Wind Energy Corp V.WND



TSXV:WND - Post by User

Comment by agrossfarmon Dec 06, 2012 1:03pm
154 Views
Post# 20693582

RE: RE: Brookfield's self interest

RE: RE: Brookfield's self interest

Yes, Brookfield apparently has to pay Goodman (the seller) at least a part of the gain.

The full details of the deal were not made public but the wording of what was made public made it clear that some, not all, of eventual profits above the purchase price would be paid to Goodman, if WND was sold at a higher price. 

Only the Parties to the share deal know the specifics. Brookfield will make something on those shares. Probably not what they would consider a fortune. They could double their money on the new 5% they buy, if one of the Strategics think the assets and cash flow are what they are looking for. Again, not what they'd consider a fortune.

IMO, Brookfield has already demonstrated that they would prefer to buy the assets themselves, but they are unlikely to find a way to block bids that are higher than they want to pay, assuming those bids materialize. 

So the Brookfield fallback, second-best, position is to get the company sold as high as possible. 

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