Brookfield Renewable Prevails at Ontario Securities Commission
Western Wind Application Dismissed Offer Expires Monday, February 11, 2013 at 5:00 PM (EST)
(firmenpresse) - HAMILTON, BERMUDA -- (Marketwire) -- 02/08/13 -- All amounts in Canadian dollars unless otherwise indicated
Brookfield Renewable Energy Partners L.P. (TSX: BEP.UN) ("Brookfield Renewable") and WWE Equity Holdings Inc. (the "Offeror") today announced that the Ontario Securities Commission ("OSC") has dismissed the application of Western Wind Energy Corp. ("Western Wind" or the "Company") and agreed with Brookfield Renewable that a formal valuation of the Western Wind common shares is not required.
Brookfield Renewable's all-cash offer (the "Offer") to acquire the common shares of Western Wind for $2.60 per share is therefore proceeding, and Brookfield Renewable is not prevented from taking up shares tendered to the Offer. Brookfield Renewable wishes to make the following points to shareholders regarding the Offer.
How to Tender Shares to the Offer
Western Wind shareholders are urged to tender their shares to the offer before it expires at 5:00 p.m. (EST) on February 11, 2013 by following the instructions provided in the Offeror's take-over bid circular dated November 26, 2012, which has been filed on SEDAR.
For further information on the Offer, please contact CST Phoenix Advisors, Brookfield Renewable's information agent for the Offer, by toll free phone at 1-800-336-5159 or by email at .
Brookfield Renewable Energy Partners (TSX: BEP.UN) operates one of the largest publicly-traded, pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 5,300 megawatts of installed capacity. Diversified across 69 river systems and 11 power markets in the United States, Canada and Brazil, the portfolio generates enough electricity from renewable resources to power more than two million homes on average each year. With a virtually fully-contracted portfolio of high-quality assets and strong growth prospects, the business is positioned to generate stable, long-term cash flows supporting regular and growing cash distributions to shareholders. For more information, please visit .
Contacts:
Investor Contact:
Brookfield Renewable Energy Partners L.P.
Zev Korman, Director, Investor Relations
(416) 359-1955
Media Contact:
Brookfield Renewable Energy Partners L.P.
Andrew Willis, SVP, Communications and Media
(416) 369-8236
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Datum: 08.02.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 1195193
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Kategorie:
Natural Resource Management
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