Just a thought on a potential T/O by Macquarie.
I think if MQG was interested BNB it is more likey they will make selected bids individual asset.
I think the damage done to BNB brand and paying over inflated prices in the bull run and high debt level BNB is almost back in a corner..
All MQG has to do is pick the better asset, it's likely to be sold less than BNB book value as was the case with BBP sold it power station early this week. Even if its gear it reflect the true value now.
It better than taking over the whole group and it mountaining debt.
There now doubt in my mind MQG is looking BNB, as for share holders I cant see any reason to hold ATM because of all the debt and which mean the bank really control BNB.
Just my opinion do your own research.
sincerely hope it work out for all those share holders and you recover your losses.
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