BBI 0.00% $3.98 babcock & brown infrastructure group

news article pd ports, page-9

  1. 262 Posts.
    Lets remember that BBI deny reducing the price of PD ports as this would be material and need to be announced. In short that looked and smelled like baseless speculation
    So if it is true that Terra Firma are going to make a bid, then I see it as a big positive. We know that BBI were approached unsolicited to sell in the first place. There was very real interest, so even the possibility of losing Corus may not be a long term concern to the buyer given the growth potential of the port.
    I wouldn't be too surprised if we achieve a sale that returns 10c of the circa 20c equity value attributed to PDP.
 
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