BBI babcock & brown infrastructure group
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I might be totally misreading it but the holder does not have a...

  1. Blackrivered
    3,337 Posts.
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    10/03/09
    10:32
    Post #: 4884420
    I might be totally misreading it but the holder does not have a choice it is BBINNZ choice and they have specified

    "The BBINNZ directors’ current intention in respect of any Conversion Requests that may be received by 26 March 2009 that relate to the 17 May 2009 conversion, is that those BBI NZ SPARCS will be exchanged for BBI Stapled Securities."

    So the alternative for holders is take BBI or keep holding

    Does anyone agree/disagree??
    BBI Price at posting: 3.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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