BBI babcock & brown infrastructure group

"The alteration follows news that BBI's parent would embark on a...

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    "The alteration follows news that BBI's parent would embark on a comprehensive restructure program, which is expected to cost 1,000 jobs."

    BBI parent? Last time I looked it was a stand alone entity. When did the merger happen? Am I living in a vaccuum or just that dumb?
 
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