why would beppa agree to cornerstone now?

Although it's not totally clear it seems to me that the Bumblebee proposal does not impair BEPPAs and provides additional time through which an orderly disposal of assets can be progressed.

On the other hand the cornerstone is seeking to impair BEPPAs despite their seniority to ordinary shares.

Highly unlikely this will be palatable to the Lowys.

Try again cornerstone investor. Revised terms will need to be attractive to the BEPPAs. Inconceivable that BBI Board can reconcile competing interests so a separate independent BBI EPS Board is required. Plenty of legal action coming if this is not provided IMO.

[Only BEPPAs]