Babcock & Brown has submitted a proposal to the banking syndicate and following receipt of a response from the syndicate, which may or may not accept this proposal,
Babcock & Brown will make a further announcement to the market. Babcock & Brown expects that the response will be delayed until the week commencing 12 January 2009.
Let's hope the traders don't run for the hills tomorrow, with now a decison not till next week sometime ???
BNB Price at posting:
38.5¢ Sentiment: None Disclosure: Held
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