Western Wind Energy Corp V.WND

read the NR

[Samdm]

the cautionary statement

https://www.stockhouse.com/companies/stories/v.wnd/8717129

[bakken13]

"Today, a representative of Brookfield made an indication to our financial advisor that they were prepared to offer $2.50 cash plus the entire Yabucoa Project to be spun out into a new public company for the benefit of the existing Western Wind shareholders."   But Brookfield states; "Brookfield Renewable's recent discussions with Western Wind appear to have been

[eljoro]

Eerily similar to the back and forth with AQN last year.   Cheers, El Joro

[CanackShack]

This post has been removed in accordance with Community Policy

[degus]

Read it again. WND did not say there was an "agreement"...only that Brookfield expressed they were prepared to make an offer. There was no offer. WND did not say there was an offer. And WND did not need an excuse for the Directors Circular to tell shareholders not to tender. They could have said that the first time if that would have been their decision.

[degus]

and it certainly looks like there are Brookfield agents or shareholders on this board trying to help Brookfield. And watch this get ratings of 1 from them (and then maybe some better ratings by WND shareholders who they are trying to stampede.

[pandnh4]

Sounds to me like sour grapes on Brookfield's end after WND management encouraged shareholders to reject the offer, after initially saying they had no recommendation.

[anott]

Bakken, the contradiction I have is that WND states Brookfield approached WND with what WND felt was a discussion to discuss alternative offers.  Brookfield says WND orchestrated the discussion to enable WND to back out of its neutral recommendation.  Who do we believe My guess is that both happened.  Brookfield has been knocking at WNDs door, and WND has been telling them to sign

[bakken13]

"The take away, there was a discussion on Tuesday where no new deal was cobbled together.  Both Brookfield and WND spun that discussion to support their position ($2.50 is the best you will get and anything management says to the contrary is because they don't want to sell - and don't accept $2.50 there are better deals and Brookfield knows it)." -----------------------

[anott]

There are two groups, those who have access to the dataroom, and those who don't. Those with access cannot make a bid, except via the Rothschild process.  Generally that would be a set date, and if they were going to pull the trigger and put in a deadline there needs to be time for the bidders to put together a package.  Monday at the earliest. Those without access have to face the

[bakken13]

"why not let Brookfield's offer die on the table" ----------------------------------------------------------- Because it might not die? After what has transpired over the last month, how many will stick it out, and how many will gladly take the $2.50 and run? Tough call.

[Xtrykr0]

The issue is that the formal bidding process is contingent on the financial close of Yabacuoa, this milestone has not been achieved yet.   Brooksfield is exercising a hostile takeover that is introducing this added level of uncertainty and market turmoil. When the bid fades, I really could care less if they bid again or not because the Rothschild process will continue on like nothing ever

[Samdm]

The process is over if Brookfield has created enough doubt and gets 50%  Ching and Nakate said they will tender . I am on the fence and with out a solid fact based commitment by another party to exceed the $2.50  ?

[anott]

I guess the worst case scenario is that Brookfield get's a large chunk, but not control and we end up where mgmt has warned - a company that is no longer run solely by mgmt.  Short of a LARGE portion of the shares going to Brookfied, the only result of their bid will be a decrease in the number of retail investors (currently around 10,000) and a larger institutional player - one that

[CanackShack]

This post has been removed in accordance with Community Policy

[AdamWest1]

I concur, Bakken. There is huge risk holding this thing past Monday. There are a lot of p'd off people out there who are sick of all the drama. If the white knight doesn't arrive, I will definitely consider tendering. This saga has gone on way too long.

[Intravires69]

Because the offer might not die on the table and if you want the company playing that game can leave you in the cold. There are a lot of nervous nellies and widows on this board.  Keep your emotions in check. We will get a better offer.  This is exactly why Brookfield sent out their release, knowing  some would need diapers they are so scared.  Nobody really

[Nakate]

Tender? me not yet, probably never, I'm mad at the games they are playing and  hope the stock stays halted until it sold now