Launch VideoWestern Wind Seen Luring Bids to Top Offer
Traders are betting Western Wind Energy Corp.’s executives will persuade suitors to top what’s already the most expensive valuation for an alternative-energy takeover on record.
Shares of Western Wind, the Vancouver-based operator and developer of wind farms and solar projects that put itself up for sale in July, closed yesterday 11 percent above a C$2.50-a-share proposal from Brookfield Renewable Energy Partners LP. That’s the biggest premium to its offer among pending cash deals in Canada, according to data compiled by Bloomberg, a sign investors project Western Wind will secure a better price.
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