12 Aug '12, 2pm

Western Wind to Sell Company, Avoid Proxy Battle: Filed under: Energy News

Western Wind and the Toronto Hedge Funds Last October, Western Wind Energy (TSXV:WND, OTC:WNDEF ) received an unsolicited takeover bid of $2.50 a share from Algonquin Power (TSX:AQN, OTC:AQUNF ) to buy the company. Before the bid, the stock had been trading in the $1.20-$1.25 range, but President and CEO Jeff Ciachurski felt that it did not fully value the company’s projects and assets, including approximately $1 per share of US tax assets which the Canadian company Algonquin would not be able to use. Large shareholders at the time were in favor of the sale, including at least one shareholder owning 18.6% of the stock who had entered into an agreement to support Algonquin’s bid. However, in the face of Western Wind’s vociferous opposition, Algonquin decided a hostile takeover was not in its interest, and withdrew the offer and terminated the lock-up agreement . A group of ...

Full article: http://www.altenergystocks.com/archives/2012/08/western_w...

Tweets

Wind Energy Update

Wind Energy Update

enn.com 12 Aug '12, 4pm

RELATED ARTICLES Wind in 2011 May 27, 2011 11:00 AM U.S. Wind Power Industry Installs More Than 2,800 MW in Q1 2009 April ...

@ENERGY

eere.energy.gov 14 Aug '12, 1pm

Check out my website for sale

websitebroker.com 12 Aug '12, 5pm

The information contained in this listing has been provided by the seller and has not been verified by WebsiteBroker. We m...

Two Weeks In Cleantech: 8-11-2012: Filed under:...

altenergystocks.com 11 Aug '12, 2pm

A123 Systems (NASDAQ:AONE) has announced that it landed a $450 million financing deal with a Chinese auto parts maker. Thi...

2hb new - A:Arthur Miller T:Crucible: 2hb new -...

secondhandbooks.com.sg 18 Aug '12, 12am

SHOW ALL Animals, Nature 40 Architecture, Design 76 Art, Photography 107 Biographies 328 Business, Finance 729 Collecting ...

How can you avoid genetically modified foods? C...

healthychild.org 15 Aug '12, 12am

How Can I Avoid Genetically Modified Foods? QUESTION: I'm on a kick to boycott all GMOs [genetically modified organisms] b...

Report: A Plea For Extending a Federal Tax Ince...

renewableenergyworld.com 14 Aug '12, 9pm

The report , written by the Berkeley Lawrence National Laboratory, noted that the 32 percent of new electric power plants ...

Obama targets Romney over wind energy policy #green

Obama targets Romney over wind energy policy #g...

windpowermonthly.com 14 Aug '12, 9am

He went on to say that America produces twice as much energy from wind compared with when took office in 2009 and that it ...

#Wind #Energy Industry Loses a Significant Cont...

renewableenergyworld.com 12 Aug '12, 5pm

I am sharing the news delivered by Russel Smith, Executive Director, Texas Renewable Energy Industries Association (TREIA)...

2hb new - A:Sue Lawrence T:On baking: 2hb new -...

secondhandbooks.com.sg 17 Aug '12, 7pm

SHOW ALL Animals, Nature 40 Architecture, Design 76 Art, Photography 107 Biographies 328 Business, Finance 729 Collecting ...

A lot of comparisons to make between the #solar...

renewableenergyworld.com 16 Aug '12, 1pm

The room split into two camps. On one side, environmental activists argued for a strong government role in helping these r...