BBP 0.00% 9.5¢ babcock & brown power

jlriches, depends whether they decide to make public the deal,...

  1. 453 Posts.
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    jlriches, depends whether they decide to make public the deal, but I doubt it as it would be non binding thus incomplete. Most likely announce after due diligence and signing of definitive sale / sales agreements. It is unclear however I suspect that since they are proposing to sell all of the company's assets that this will need to go to a shareholder meeting to approve the sale, unless it results in a takeover bid in which case they lob a bidders statement or a scheme of arrangement on us.

    I understand that all BBP management are involved in management presentations to prospective buyers as we speak / post!
 
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