BBI babcock & brown infrastructure group
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Ann: Recapitalisation Update , page-20

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    3,746 Posts.
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    22/09/09
    11:08
    Post #: 5675020
    Vulture funds now own BNB debt. Would be interesting if same goup of vulture funds are going after BBI.

    They will effectively control the BNB vote?

    They have their proposal in the public domain so can continue to buy on market? - explains share price still holding....?

    8x5% + BNB share = about 50% ...block BAM? Vote through their propsal?

    Under their proposal share holders could be $500M better off but they are the major share holders?
    BBI Price at posting: 5.1¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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