OK here's the deal This from Lawrence a day before the new bid from Brookfield....
"you have to understand that in order to complete the takeover and take the company private a bidder requires 90% of the outstanding shares. Since Brookfield owns 17% it means that they have the potential to block the closing of any deal. As long as Brookfield is a bidder no other party wants to go to the trouble of initiating a deal since Brookfield could block it. So Brookfield has to be dealt with first. I would also remind you that Brookfield requires 50% of the independent shareholders to make their bid valid under the rules. I don't think they will get it. So they may have to come back and sweeten their bid or else withdraw."
Thoughts................