Its all speculation until an announcement is released.
I would like to think that if a bidder for 49% stake would not be aware of the bid of those for 1005 stake an vice versa.
So even if no competition exists from competing companies consortium both wanting 49%/ 100% sale. I'd like to think that those considering making a low ball 100% offer would be worried BBI would not be forced to accept a low 1005 offer, but instead accept the 49% offer.
This is a once in a lifetime sale, and the difference between bidding 2.4 - 2.6 bil is really nothing over the life of the asset and compared to missing out to another bidder.
If the bidder were a vulture fund only interested in picking up assets of dieing companies at firesale prices i'd be worried.
DBCT is not just 'any asset', its class and strategic importance demands decent offers and those who are bidding would be aware of this.
BBI Price at posting:
7.0¢ Sentiment: LT Buy Disclosure: Held
