BNB babcock & brown limited

terminate bbw management ritght

  1. yuyu52
    3,711 Posts.
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    18/12/08
    17:04
    Post #: 4620716
    Babcock & Brown (ASX: BNB) today announces that it has reached agreement with Babcock & Brown Wind Partners (ASX: BBW) to terminate the management agreements and the exclusive financial advisory agreement for a total consideration of $40 million, which includes an upfront payment of $35 million and a deferred payment of $5 million to be made on 30 June 2009.

    I surprise that sp hold up well with the news. i guess 40mil is a good thing in time like this.

    BNB Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
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