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Western Wind Energy Corp V.WND



TSXV:WND - Post by User

Comment by contrainvestoron Feb 07, 2013 2:43pm
179 Views
Post# 20954040

RE: ?

RE: ?

OSC hearings like this will typically take most of the day (i.e. lawyers like to hear themselves talk), and a decision will probably issued by the morning.  The OSC knows that their decision will likely impact shareholders decision to tender or not tender to the bid, which is why they scheduled the hearing in advance of expiration of the bid.  So I suspect by tomorrow morning we will know whether Brookfield is required to prepare a formal valuation.  If WND loses, they will still have the right to appeal the decision to the courts, and I suspect they may take that route, if for no other reason than to continue to buy themselves more time. 

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