announcment must be amazing, page-15

Babcock & Brown, which is in talks with its banks to
refinance debt, jumped 54 percent to A$0.39, adding to Monday's
32 percent rise, on speculation it could unveil a new business
plan to satisfy the lenders.
"The market is speculating that they are probably going to
address some of their short-term funding issues in an
announcement later this week," said Lucinda Chan, a division
director with Macquarie Equities.
A Babcock & Brown spokeswoman said the company was not aware
of any reason for the share price move.

Reuters.