Western Wind Energy Corp V.WND

Break Fee

[bakken13]

Lets say that company "B" wanted to buy WND in a friendly offer.

They could bid $2.70/share, with a $10 million break fee in the agreement.

That would put them on the same economic terms as BEP with their somewhat cheaper Goodman shares.

$3.5 million for the cheaper Goodman shares that BEP owns, plus $6.5 million for the extra 10 cents in the bid.

And that would force BEP to offer at least $2.80, and probably quite a bit more, to compete, as it would still be a hostile bid. But now, BEP would also have to pay the break fee as part of the acquisition cost of buying WND.

So all of a sudden, BEP is at a distinct disadvantage.

If there was any other bidder in the running, this could be done and agreed to in a matter of minutes. So why isn't it being done?

[modgil]

Bakken We all know there is no other bid and on other party interested. There are a few morons who are in denial And then there are some who want this deal to fail or are not interested for this company to sell, for their own self personal interests.    

[bakken13]

"We all know there is no other bid and on other party interested" ------------------------------------------------------------------------------------- All of the evidence seems to point in that direction.