m & a's on the rise., page-9

I think takeover talk is totally unrealistic.

Not until DBCT is fully sold and corporate debt is fully cleared away (including bonds) would anyone even consider it.

And after taking it over they would need to pump in A$700M to deal with the prefs issue, well that is simply asking too much.

BBI need to concentrate on selling DBCT and cleatring debt and bonds away and then using operating cashflow to takcle the prefs issue, not to mention the deferred prefs interest.

The prefs act as the poison pill. No-one will want to take out BBI with these still in their current form.