BBI 0.00% $3.98 babcock & brown infrastructure group

well they should complete that this afternoon then. Price will...

  1. 4,510 Posts.
    well they should complete that this afternoon then. Price will be close to 50 cents, where the larger sellers seem to be coming out at. Yesterday they nipped in 15 minutes before the close and did the business. Unde rthe buyback rules, you cannot have a bid sitting in the market and be acting as a market maker. You must simply buy on-market at the time.

    This amount they were allocated is I suspect from the February 'sweep' of the bank account. I am not sure if there will be a March sweep, but the 35M Euros coming in April from assets sales will have a good portion of it swept as well, so they will be back for more I assume.

    What will be interesting would be how would they go about buying it back on market if a large sale such as DBCT took place and they had $50M to spend.
 
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