Any theories regarding share price post exchange and vote? Some thoughts on different scenarios...please share your thoughts.
Scenario 1: Large exchange offer acceptance including BNB
- this may leave the three hedge funds holding pretty much all stock
- stock becomes even less liquid than it is now, and sellers have to continue to sell at a big discount
Scenario 2: Small exchange offer acceptance, thus BNB sticks with EBI
- BNB overhang, along with other shareholders, put ongoing downward pressure on the share price
Scenario 3: Everest retains RE and management of EBI
- not sure what happens in this scenario. I assume that the hedge funds have sufficient voting power for this not to happen, however maybe Macquarie wont accept Permanent as RE, or maybe Permanent doesn't accept the role
Any thoughts out there?
EBI
everest babcock & brown alternative inv trust
