Brookfield Responds to Western Wind Statements Regarding Takeover Offer

By Midnight Trader,  January 09, 2013, 02:19:20 PM EDT

Brookfield Renewable Energy Partners L.P. (BEP-UN.TO) has sent a letter to the Board of Directors of Western Wind Energy Corp. (WND.V) in response to Western Wind statements regarding Brookfield Renewable's all-cash offer to acquire the issued and outstanding common shares of Western Wind for $2.50 per share.

In the letter, Brookfield says Western Wind management has criticized the offer as being too low, "yet no alternative transaction has been presented to shareholders and we still have not been provided with access to any information that would support our paying a higher offer price."

"We continue to welcome the opportunity to work with the Board and its advisors towards a Board-supported transaction, but time to do so is rapidly running out as our offer expires on January 28, 2013."

WND shares were up a penny at $2.79.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Ivory Coast Massacre Suspect Arrested
Ivory Coast Massacre Suspect Arrest...
McConnell: Administration Has 'Culture of Intimidation'
McConnell: Administration Has 'Cult...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%