BBI babcock & brown infrastructure group
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takeover bid not involving beppa, page-6

  1. smokeyd
    231 Posts.
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    05/12/08
    16:56
    Post #: 4577469
    Not necessarily true. There is a specific clause allowing conversion and conversion is allowed on the reset date. The acquirer would not wish to own less than 100% of the securities for taxation/accounting reasons, so a conversion in 2012 to securities would be undesirable.
    BBI Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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