" It is thought BBI is working towards a deal in which...

" It is thought BBI is working towards a deal in which Brookfiled would buy 50% of BBI's DBCT.
On top of that, BAM would inject a further $600m or so into the company via a capital raising either by underwirring a rights issue or via share placement.
Shareholders will be asked to match the $600 million via an equity raising. BBI would also force the convesrion of the Beppa and Sparc instruments into ords. 25b securities existing equity will represent 10% of recapitalised company/Suggesting huge dilution.
HOWEVER this deal has a few more twists. A consolidation of the shares is a likely factor. There are also strong indications of a few more components to this deal....WHICH WILL ENSURE EXISTING SHAREHOLDERS NOT DILUTED TO THAT LEVEL"_____________________________________________________

I particularly like the last paragraph..GL TO ALL