Here is an article from the Gold Coast where BBG is headquartered.
Nathan Blair, manager of Ord Minnett Gold Coast, said: "I believe the speculation could be true and one of the parties may be offering as little as 50c a share, however a higher offer would be more realistic.
"The board won't entertain a 50c a share offer. We continue to believe the offer will need to be at least 80 to 90 to succeed."
http://www.goldcoast.com.au/article/2013/04/05/449854_gold-coast-business.html
I am bemused by most articles proclaiming that BBG is "suspended indefinitely" If they read the announcement properly, it says that the suspension is until they make an announcement regarding the takeover offers. As usual the Media run as a pack.
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- interesting - if depressing - read
interesting - if depressing - read, page-14
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