RE: RE: All shareholders can UN-tender modgil, I know you are talking your book and you probably have been playing arb. Or are a Brookfield mole. And there are a lot of unsophisticated people here that you can influence because you don't want them to think they can get more than $2.60.
Anyone who believes Brookfield, doesn't pay attention to what they say. Brookfield has made more than one final offer and has already set 3 DEADline. You expect them to do this over and over. They tried to mislead about having 44% tendered and they are not above trying to mislead the market again, by saying they are CLOSE. What is "close" are they missing 5 million shares? 15 million shares? They won't say. So why would the not say, if they really were close? The logical conclusion is that they are not as close as they make out to be after even paying US brokers to call their clients to get them to tender. Brookfield knows WND is worth more than $2.60 or they would not bid $2.60. The question is how much more and whether they will raise their offer.... or will someone else.
I don't pretend to know the answer.
But I know that, if Brookfield "takes up" the offer in 4 days, there is less time from new developments to unfold. If shareholders who tender withdraw their shares tomorrow, Brookfield will not have enough to meet the 50% threshold and will not be able to declare victory early, thereby taking away an opportunity for other developments (that may or may not happen). As shareholders we have nothing to lose to at least drag it out the full 10 days and we have the possibility of winning more than Brookfield will give up.
Shareholders that tell their brokers to withdraw their tendered shares can always decide to tender them again, right before the next deadline, if they still want to. In the meantime, we can wait to see if things move in our favor.