Western 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.
To continue reading click here