BBP babcock & brown power

in pre open, page-9

  1. 273 Posts.

    so let me get this straight, they've achieved "contractual" close but they haven't reached "financial close"

    correct me if i'm wrong, but once the contracts are signed, isn't it a done deal?

    apparently not, the contract probably had clauses regarding bbp's earnings etc, maybe the banks can call the whole deal off because of bbp's earnings downgrade?

    whatever it is, it doesn't look good. i certainly hope they fix everything up by thursday, otherwise bbp will tank, and will take bnb further down with it.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.