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  1. wllm
    1,986 Posts.
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    04/09/08
    17:23
    Post #: 4230997
    Being a layman myself my understanding is that 'PTN is making a Proportional Script Offer for 40% of Babcock & Brown Community Securities. Offer is ONE PTN unit for ONE BBC security. The offer values BBC at $0.475; Based on PTN's
    5 day weighted Average price prior to 4 Sept 08. This represents a 25% premium to the BBC weighted average price for the last 2 months.
    GL all holders dyor I hold PTN
    PTN Price at posting: 43.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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