Article highlights a number of other names besides those...

Article highlights a number of other names besides those mentioned in the AFR - we now reportedly have:

Origin teaming with APA Group and Marubeni bidding for the entire operations;

ATCO Power bidding for select assets

BHP bidding for Newman and Port Hedland

French Utility GDF Suez putting in a bid; and

Saudi's Acwa Power putting in a bid.

Quite a diverse mix and one would think that this in itself will create some competitive tension. Alinta needs to drop $250m of debt, so if any of these bids approach book value of particular assets, it will allow for debt reduction and an improved gearing position such that Alinta may be able to achieve (with the aid of a supporting recapitalisation) a stabilised go forward.

Will be quite interesting to see how the share price reacts in the next couple of weeks - IF there is a positive price outcome from any of these bids, you can be sure that the "smart" money will materialise and be looking to pick up the shares at the current prices.