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Brookfield Renewable Energy Partners LP Acquires Over 90% Of Western Wind Energy Corp Shares


Thursday, 7 Mar 2013 06:21pm EST 

Brookfield Renewable Energy Partners LP and WWE Equity Holdings Inc. (the Offeror) announced that the Offeror has taken up an additional 21,174,384 common shares of Western Wind Energy Corp pursuant to its all-cash offer to acquire the common shares of Western Wind for $2.60 per share (the Offer). Brookfield Renewable will now own 67,941,756 common shares of Western Wind representing approximately 93% of the issued and outstanding common shares. As the Offeror has acquired more than 90% of the outstanding common shares of Western Wind subject to the Offer, it intends to use the compulsory acquisition provisions under British Columbia corporate law to acquire the remaining common shares of Western Wind. The Offeror expects to mail a notice of compulsory acquisition to all remaining shareholders shortly. The Offeror further intends to cause the common shares of Western Wind to be delisted from the TSX Venture Exchange and to cause Western Wind to cease to be a reporting issuer under applicable securities laws as soon as possible. 

Company Quote

34.88
-0.08 -0.23%
24 Dec 2014