Western Wind Energy Corp V.WND

Brookfield

[hovisolarising]

The Company remains fully committed to the sales process led by Rothschild (the "Sales Process"). If Brookfield Renewable wishes to participate in the Sales Process, they will be subject to the same terms and conditions as any other bidder. Brookfield Renewable now owns 16% of shares outstanding, and although they are an important shareholder, they will not have preferential treatment in the Sales Process.

For the guy who wondered why Brookfield would be buying, consider this. Brookfield owns 16% or 10.7 million shares out of a total of 67 million shares. They need 22.8 million more shares to get to 50 % and win the proxy selling price to them of $2.50. Is that possible on the open market? I am thinking that that would drive the price up to $5. However, over 13 million shares have traded since the AGM. Is it possible they are hiding their shares in another account "Anonymous"  to avoid showing up on insider trading boards? I hope I am wrong, but that is the only downside risk I can come up with from here. Ie. a fraudulent hostile takeover. Otherwise we should all put up a wall of bids at 2.75.

Hopefully the BNN comment by Jeff that "you could be hearing from me soon" is an indication that he may decide to go for company X sooner to get rid of any chance of the scenario above. If that is the case( a sale by year end) I stick by a 3.25-3.75 likely selling price. However, if  Brookfield can't get to 50%, which the company may  know , then a full bidding auction could get to that evaluation of $5.06 which is definately justified with Yabacoa, and the long shelf lives of these projects and land holdings etc.

Can someone please explain how it would be nearly impossible for Brookfield to slowly accumulate to 50.1%

[Fastlane2]

The Offer will be open until January 28, 2013 at 5:00 p.m. EST. The Offer will be subject to acceptance by Shareholders independent of Brookfield Renewable owning more than 50% of the Common Shares outstanding and other offer conditions customary in the circumstances. The Offer will be structured as a "Permitted Bid" under Western Wind's Shareholder Rights Agreement. 1. Brookfield

[peter75]

brookfield , has not bought shares according to filings that agros let us know the other day and since they tendered an offer they cant buy stock. as of the time of tender I could be corrected but I am 99 percent sure that is the case Brookfield could have tendered the offer as a flag saying that we will not back door the process but I am done guessing

[agrossfarm]

Why not read the filing on SEDAR? Brookfield states officially it did not buy more in the open market. They also say in the SEDAR filing that they may buy 5% more in the open Market, but they won't start before tomorrow. It is in the filing.  They are aiming for 50% with their tender offer, because that is what is in the Poison Pill that was set up by...WND, for bidders who don't want

[Fastlane2]

Agrossfarm..who's paranoid? The direct question was on open market purchases and yes this is possible, where is the paranoia. This is not a friendly pursuant by Brookfield, this is a hostile take-over attempt. Western set up a process and Brookfield is looking to do everything other than what the auction regulates as a formal process. The $2.50 by Brookfield is a shot across the bow of

[agrossfarm]

Hostile to the Board.  Sure. Hostile to the shareholders? Not the ones who want the highest price possible. I could not care less if they follow the Board's procedures. My interests are served best if we get the highest price possible.  Paranoia refers to the fantasies I was reading about Brookfield doing a buyout by buying shares in the market to get 50% (which is not only not