binding offers for dbct, page-9

Towie what red are you drinking? DBTC??? wrong twice lol

If a clearly acceptable offer had been made, i suspect the deal would be done by now or atleast at a stage where an announcement could be made.

Having said that, if its obvious a deal cant be done, then under continuous disclosure rules an announcement needs to be made. No announcement = still negotiating.

(1)BBI need the sale, so if offers are low, then i suspect a 49% sale is the most likely outcome. the other 51% can be sold(if required) when the price recovers.

BBI wouldnt be paying macquarie for nothing, so a deal is sure to be brokered.

(2)Ofcourse they may be rethinking there options and calculating if they can afford to keep DBCT and what would be required to do so, eg spin DBCT off, capital raising, sell NGPL instead, continue paying interest from free cashflow, etc. No disclosure would be required because they havent aborted the sale, they are only weighing up alternatives which they are entitled to do.

i suspect its a combination of (1) and (2). We know BNB and to a lesser extent BBI are spin off kings, the 29.7% buyer of euroports is made up of 2 companies, 1 of which is a group of former BNB people. that group has just bought some BNB asset from the administrator.

So if they could sell say 49% DBCT to someone(say QIC) for a fair, but lower than hoped for price, and spin say 20% of into a seperate fund owned and managed by some friends.