Balto,
I posted this last night on another thread.
See below...
Anyone see this before. Could this be why good old Jim Babcock quit as well?
Babcock & Brown's former chief executive, Phil Green, stepped down from the board last week, sparking talk he might be trying to arrange to take the company private, possibly through a management buyout.
"It's possible that now that he's off the board, he could be working on something,'' said Tom Elliott, managing director of hedge fund MM&E Capital.
I know the article is somewhat old, dated Sept 25th 2008
http://www.businessday.com.au/business/bb-shares-soar-as-bid-rumours-fly-20080925-4nw4.html
BNB
babcock & brown limited
