"I think the ords holders pretty much have to take what it coming. I think the prefs holders may posture a little, but BBI will negotiate with the larger players as to what is reasonable, and then put it to the holders in a meeting and the big boys vote it in."
So does that mean you think BEPPA will have a "reasonable" outcome? If it's reasonable for the Lowy's and QIC, then it may well be more than reasonable for us.
BBI Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held