That article is only part of the original Bloomberg article, which foolishly touts WND as the most expensive acquisition because it uses trailing 12 months EBITDA rather than forward 12 month EBITDA as the basis of comparison.

Acquirors buy future earnings (or EBITDA), not past earnings.

And past 12 months EBITDA for WND does not include operating results for most of its capacity, which only came on line to produce Q2 cash flow.

In fact, the $2.50 offer is less than Brookfield paid for its last acquisition in California and less than Sprott paid for its purchase of wind farms and development proects in the Maritimes.