BNB babcock & brown limited

"Consistent with the announcement on 7 January 2009 regarding...

  1. Blackrivered
    3,337 Posts.
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    23/01/09
    09:51
    Post #: 4720712
    "Consistent with the announcement on 7 January 2009 regarding the Company’s
    negative net asset position at 31 December 2008, the Board believes that in the
    current market environment and based on continuing discussions with the
    banking syndicate there will be no value for equity holders under the revised
    business plan and balance sheet restructure of Babcock & Brown International
    Pty Ltd and negligible or no value for holders of the Company’s subordinated
    notes."
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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