Another crazy hypothesis Say one of the potential big bidders does want to take this private and are waiting for Yabocoa to close.
Brookfield has 3 options
1 Keep bidding slighty higher until they win the company and run it themselves
2 Keep bidding til they win the company then sell it themselves to a bidder for a huge profit
3 Hold the Process up as long as possible and block any privatization until the company become valued over $5 a share or whatever they want for their shares then give up and tender their shares to the winning bid for a huge profit (Remember they must pay Goodman a share in their deal so anything less than $2.90 won't cut the musterd) The stock would fall in this scerieno after bid expires.