Western Wind Energy Corp V.WND

3 questions about tendering to BEP

[Thornysahuaro]

I am a long time WNDEF shareholder and follower of this board .  I have not made up my mind yet about tendering my shares and would like to pose some questions.

1) If BEP does not get the necessary 50%, will the shares tendered now just be given back to the shareholder?

2) If BEP does get the 50%, will they pay $2.60 for all remaining shares? Is that the ten day period that keeps being mentioned?

3) If the answer to #2 is yes and we will get $2.60 for our shares anyway, what is the advantage of tendering now?

[bakken13]

Yes, yes, and if you don't tender now, you get to hold your shares as they fall back in value.

[Intravires69]

Yes, you can tender and get the  $2.60 in the extra 10 day period.  However, if they dont get 50% the price will drop and you do not know when and if and at what price the next offer might come.  So, some will want to tender to ensure that the 50% threshold his reached.  If everyone waits to tender to  see if 50% is reached, it won't

[modgil]

1). Yes, if bid fails, no share are bought by BEP at the offered price. They stay in your account. 2). If you tender now, BEP gets closer to closing the bid successfully, which when completed, guarantees the 2.60 payout for all shareholders who tendered. 3). You can wait, but if BEP bid fails, you are not getting 2.60.As a matter of fact, the share price may fall dramatically. So, read # 2 and

[Thornysahuaro]

If, by some miracle, a higher bid does appear, or if BEP makes a higher offer, those who tendered @ $2.60 will be kicking themselves. If I were to tender now, am I locked in @ $2.60?

[eljoro]

I just asked my brokerage the exact same question. I was told that if I tender at $2.60 and a higher offer by BEP is made before the expiry of the current offer I will get the higher offer price, not $2.60. No action is required on my part; unless I want to cancel any tender offer.   If the current bid expires without Brookfield getting the needed 50% and THEN they make another, higher offer&

[modgil]

Thorny BEP, if by any chance, increase their offer (there is no reason why they would and they have expressly stated in their NRs as well), you will end up getting the higher offer. It is already mentioned in their NR when they put out the offer. Go to BEP's website and read their NR to this effect. Good Luck !!  

[Thornysahuaro]

Thanks to all for responding to my questions.  I was still undecided until I read that email from Jeff to Tom Conrad. In my opinion it is very unprofessional and foolish for someone in his position to put somthing like that in writing, especially to a columnist. It makes him look emotionally immature and implies that his judgement may be questionable in other matters. Any how, I tendered