exactly...the dividend has a margainl impact and if anything is good for the balance sheet as its part of a fully under written DRP ...
from what i've read....BBG has 3 months to renege on the Nixon transaction if they want to....and that's one time imperative motivating some PE companies....as they would want to keep Nixon within Billabong or sell it fully as a seperate brand ( not half sell it...) and thats possibly why TPG was in such a hurry....
BBG was float above $4 over the next few weeks. Just as it floated from 2.80 to $4 in between Sept to Dec...
just be paitent you'll! :-)
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