BNB babcock & brown limited

Babcock plan to buy timeTuesday, 27 January 2009 | The...

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    Babcock plan to buy time

    Tuesday, 27 January 2009 | The Australian Financial Review | Karen Maley

    Babcock & Brown is asking its 25 creditor banks to swap more than half their debt into a type of equity as part of an audacious restructuring plan aimed at preserving the troubled investment bank as a going concern while it sells assets.


    Hmmm, I like the sound of this ... audacious!!
 
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