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Western Wind Energy Corp V.WND



TSXV:WND - Post by User

Comment by sweetbabyjesuson Feb 10, 2013 7:10pm
134 Views
Post# 20965821

RE: Sweet Baby, you wrote

RE: Sweet Baby, you wrote
 

"all thee players"  should have read "all the players", not "all 3 players", apologies.

 

I was just saying that after months in the data room, they must have a clear idea of what they want and would be willing to pay for WND.

 

I was told, and it makes sense, that the other potential suitors do not want to make a bid while Crookfield owns enough shares to prevent another company from taking wnd private. The other companies also do not want to start a public bidding war, unfortunately.

Therefore, as shareholders, the best thing we cvan do for ourselves is to Not Tender to BEP and hopethey will stay true to their word and not make another bid. If they do make another bid, WND will not hesitate to go to the OSC (which I agree they should have done long ago if they are not in cahoots with BEP).

 

How often do minority shareholders actually have the power in a situation like this? We actually have the choice in the matter!!! DO NOT TENDER!!!

 

Brookfield Circular Pg 27 first paragraph  "In the event the offeror...blablabla....public announcement Ind. Shereholder Approval Cond. satisfied and the take-over bid will remain open for deposits and tenders of common shares for not less than ten business days (as defined by the shareholderright agreement)....in order to permit shareholders that have not deposited common shares at the expirytounder the extended offer deposit their shares (the Deposit Extension Period) The Offeror will not amend the the Offer to shorten or eliminate the D E P   

 

Typed that out myself as the secratary is off today lol

 

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