BBI babcock & brown infrastructure group
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  1. danny3
    1,546 Posts.
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    28/10/08
    15:01
    Post #: 4438634
    > In July 2012, you get $1.039 worth of bbi shares

    Actually you get either $1.039 in cash or $1.081 worth of BBI shares (a 7.5% discount), based on the Volume Weighted Average Price in the 20 trading days before conversion.

    See http://bbinfrastructure.com/media/301118/aan%20scheme%20part%20b_%20section%206%20bbi%20eps%20&%20annexure%20h.pdf
    BBI Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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