Western Wind Energy Corp V.WND

Bidding process

[QuinibusFlestrin]

In this 'sealed bid' process do the suitors that get out bid get an opportunity to respond and bid higher or is it just a one shot winner take all type of thing?  I think this is important because like buying a house in a hot real estate market the party that ends up 'winning' often has to pay substantially higher than the expected selling price.  Most times you will only roughly know the number of other bidders and not much else.   Any company that would devote the resouces to entering into this type of process must be mindfull of the fact that it not terribly profitable to go out and low-ball and lose out over and over again.  With the renewal of the tax credit WND has more of a hammer here and I don't see this going down as some sort of fire sale.

[Xtrykr0]

That's what the 'deadline' is for. I imagine bids would come in a flurry near the final days.

[QuinibusFlestrin]

I think I remember there being something about the bidding companies submitting a sealed bid to Rothschild and then they and the board would pick the best one.  I'm just wondering if there's an opportunity for a company to counter offer after that or are the stuck with what they initially submitted.  The dynamics of the process are entirely different if you have to go all-in with

[Xtrykr0]

I speculate that we have already received some bids, however, there's a deadline on when all the bids will come in. I agree with you that the bidders would have to place a reasonable/competitive bid, this eliminates rounds of stupid bidding up from a stink bid (which I think is what Brooksfield has done). Since Brooksfield has decided not to participate in the bidding race through Rothschild

[QuinibusFlestrin]

I guess the point that I'm trying to make is that seeing the the guesses that everyone are making which seems to be a tight range in the $3.50 - 5.50 nieghbourhood, if you were a company that actually wanted to aquire WND and you don't know what anyone else is bidding you are going to have to bid higher to get yourself further out the tail of the bell-curve, if you will, in order to

[peter75]

flestrin, are you real here Have you ever seen a company sold, have you any idea about a process You can bid on a stock 140 millioion more times or more Until the shareholders approve the direction of a transaction it is free game I know you have only been on stockhouse 3 days so I have no idea whether you are up to speed on this company or not If you are a shareholder you should know these things

[NinjaInvestor]

Peter Your the most annoying dude on this message board. The last thing you need to be doing is critizing someone else.

[Fastlane2]

Brookfield has a clear reason why they decided not to enter the bidding process as it would have "hand cuffed" their decision to counter offer the highest bid, this allows them to sit on the sidelines and wait. This quote from the September 20th news release clearly states the highest bid will be presented to shareholders. "The sales process is moving forward in a

[peter75]

FASTLANE NOTHING COULD BE FURTHER THAN THE TRUTH, IF A DEAL IS NOT CLOSED AND COMPANY A BID 3 AND COMPANY B BID 3.01 company a has a right under free trade , combine investigations act to up an offer and any offer above another offer has to be made known to shareholders Rothchild perhaps does not need to present a counter offer but the company upping the bid has the right to reach the shareholders