rbs to the rescue of ordinary shs, page-12

"The spiral would turn into a double spiral and it would be difficult to see how BBI price could rise"

You betcha.

The way I see it is that if the RBS proposals were better than the BAM proposals, then BBI would have entered into a 3 month exclusivity deal with RBS and not BAM.

The reality is the BAM is better and provides a clean outcome at the end and this is why the BBI mgmt went with it.

Furthermore they have conceded to the BEPPA holders the additional upside on the BEPPA owned assets, should there be any.

Still, we will find out on Monday what the outcome is. Knowing who has bought all the BEPPA in recent weeks would be helpful, if only someone Sydney side could simply go down to the registry and get this information.