Ann: BBW offer to acquire wind energy assets , page-2

re: Ann: BBW: BBW offer to acquire wind energ... BBW offers to pay BNB $30mm cash for the assets.

If this is Babcock and Brown Limited the listed entity that issued the Notes then thats 5cents on the dollar of the debt they issued.

If it is the same issuing entity and the money is onpaid to BBIPL t and BNB goes into bankruptcy then its a preferential payment and can be dragged back by the courts.

Anyone know which entity has the BBW asset, which I presume is the management rights?