I'm happy to be corrected on this, but as i understand it, BBI may not solicit any other bids for the 3 month period agreed with the CI. This does not mean they cannot consider or negotiate the terms of an unsolicited bid. That is, if Bumblebee lobs an unsolicited bid at BBI then BBI may still consider and negotiate that offer.
Dargie, I agree that if the new offer is a $5-700m dollar improvement with no asset sales, then the break fee and capped costs payable to the CI will likely be a no-brainer option for BBI.
Just my opinion.
BBI Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
