according to AFR it would involve a big rights issue to existing...

according to AFR it would involve a big rights issue to existing shareholders at 30 cents a share. Oaktree would subscribe at 35 cents.

Speculation that the proposal has been put to BBG board which has rejected - and now Oaktree going public.

The fact that BBG is in "Notice Received" mode for such a long time implies that there is a brawl going on with ASX as to whether the notice - whatever it is - is appropriate for lodgement with the exchange.