BBP 0.00% 9.5¢ babcock & brown power

reverse take over of itself, page-2

  1. 2,793 Posts.
    That's funny Dis - I like your thinking and stranger things have happened I guess - however until I see just such an announcement I think we can assume BNB have got all sorts of conditions written into the Mgt Agreement - one that comes to mind for instance: "In the event BBP decides that it is in the best interests of the company to accept a takeover offer that would have the effect of ending this Mgt Agreement, BBP will first be liable to pay BNB $XX,XXX,XXX.XX as a reasonable pre-estimate of the loss in Mgt Fees that would have otherwise been due to BNB had this Mgt Agreement run to its full term of 25 years" - I think you get my drift... but thanks for the late night giggle Dis - keep them coming - you never know, they might give BBP management some extra ideas...

    (I'm a BUY only at current levels)
 
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