RE: Thoughts? Well this part make me wonder, why a simple act such as a financial close which I figure is a foregone conclusion should impact a sale price and closing date which is past the Brookfield offer expiry date.
The completion of these outstanding technical issues and subsequent financial close will significantly increase the valuation of the entire company, which is consistent to our previous July 30, 2012 news release indicating financial close of Yabucoa is an essential and important milestone needed for shareholders to receive the highest value in the sales process. Financial close will not happen before January 28, 2013 and therefore the current Brookfield bid does not reflect this significant milestone and achievement.
Algonquin just made a power purchase, 146 mil so the market is consolidating, which means less stuff available for purchase. Brookfield looks like they will have to up their hostile bid when it expires as I'm sure the company will not recommend tendering for 2.50.