Western Wind Energy today responded to a press release issued on November
23, 2012 by Brookfield Renewable Energy Partners L.P. ("Brookfield"),
which announced Brookfield's intention to make an offer to acquire all
of the outstanding common shares of Western Wind for cash consideration
of C$2.50 per share (the "Brookfield Offer").
On July 30, 2012, the Company announced that it would be seeking a buyer
for the Company and its assets, and that the board of directors of the
Company (the "Board") had established a special committee (the "Special
Committee"). On August 10, 2012, the Company announced that it had
engaged Rothschild (Canada) Inc. ("Rothschild") as its lead financial
advisor to manage and structure a comprehensive and efficient auction
process, with PI Financial Corp. ("PI Financial") engaged as a
co-advisor.
Several days after acquiring its interest in the Company,
representatives of Brookfield visited the Company and raised the
prospect of the Company entering into a bilateral agreement to sell the
Company to Brookfield with customary deal protections, including the
right of Brookfield to match other
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