SMH Article"But despite an increase in the group's underlying...

SMH Article

"But despite an increase in the group's underlying earnings, helped by expansion at the Queensland facility, BBI is at the mercy of prospective bidders taking advantage of the economic backdrop to drive down prices.

''It's very much a buyers' market and it's a tough market to be selling assets,'' BBI's chief executive, Jeff Kendrew, told BusinessDay yesterday.

In March, the group appointed Macquarie Capital Advisers to tease out potential purchasers.

However, bidders - some of whom are contemplating buying a minority stake or even half of the business - are driving the process."

Sounds to me like Kendrew softenning the market to the prospect of a no sale. As I have said many times I think thoughts of a clean 100% sale at 2.4B+ are disneyland.