and I don't like it so don't complain about it to me or complain about the post (although I have most of the fools on ignore).
The REALITY is that whoever wants to buy WND wants to buy ALL of it. Brookfield wants 100% and all of the Rothschild bidders for the whole company likely want 100%. The Securities Regulations allow a company that owns 90% of the shares to force all remaining shareholders to tender their shares, whether they want to do not. Brookfield can't win 100% as long as Management and the Board and their relatives and close friends hold more than 10%. None of the Rothschild companies can get the 90% as long as Brookfield holds their 16%. THAT is why Brookfield CHILLS the buyout process for the companies working with Rothschild. In addition, as far as we know, all the Rothschild companies signed a Standstill Agreement, which means they are not allowed to buy shares or make an offer for the company until they are released from their obligations in the contract they signed.
Apparently Brookfield is willing to own less than 90% because their threshold for the buyout is just 50% of the non-Brookfield shares. That suggests they are ready for a long fight. Since we have no other offers (and WND's lawyer blames this on the existance of Brookfield in the news report of the OSC hearing), there are only 3 alternatives after Monday. Brookfield wins but wins less than 90%, Brookfield loses and makes no new offer, or Brookfield loses but increases its offer, possibly after the share price declines more. But, if Brookfield HOLDS its 16% share of WND, it "chills" all bidding for the whole company, as long as they want to hold those shares. Meanwhile, Brookfield and WND management will probably continue the power struggle. If Brookfield wins the 50%, they fire everyone running WND at the next AGM. If Brookfield retains the 16% and the company is not sold (ironically because of Brookfield), Brookfield mount a challenge to WND Management and the Board at the next AGM. Because if Brookfield retains their 16% and they are stopping any other bid NOW, they can hold the shares and continue to deter bidding as long as they refuse to tender to another offer.
But maybe Brookfield makes their 3rd FINAL offer. And maybe one of the Rothschild companies decide to bid even though Brookfield won't agree to sell their 16%. Or maybe they offer Brookfield enough money so Brookfield has an incentive to walk away. There are countless possibilities but the REALITY is the CHILL caused by any stubborn holder of >10% of the shares. So make your decision based upon your own needs, just don't confuse what you want the issues to be with what the reality is. Good luck.