RE: Intravirus • Minimum Tender Condition. It is a condition of the Offer that 50% of common shares held by shareholders independent of Brookfield Renewable are tendered to the Offer. Brookfield Renewable is clear in its take-over bid circular that this condition will not be waived
This is what I took from BEP's news release indicating that they could waive the 50% condition, even if their public startements are that they will not. If allowed, BEP might consider doing so if they were close to 50% and they thought they could get the rest by buying on the open market.