BBI 0.00% $3.98 babcock & brown infrastructure group

Ann: Further details concerning AETD Asset Sales , page-3

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  1. 1,983 Posts.
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    re: Ann: Further details concerning AETD Asse... "For this purpose, BBI intends to convene a meeting of EPS holders at which they may vote (by simple majority of votes cast) to approve the sale. The material terms of the proposed sale will be provided to EPS holders in connection with any such meeting. In this regard, minimum sale terms may be proposed for approval by EPS holders whether or not buyers for the asset have been identified and, if approved, no further approval of EPS holders need be sought for a sale within those terms."

    1) To me it's not clear when this vote will be. Before or after the vote on the BAM deal?

    2) A bit of the same old, same old. We may not tell you anything, but give us the authority to do the deal (any deal???)

    I'll still be voting yes to the BAM deal as it seems to be the best (only) game in town and any other potential deal may offer some, but not bucket loads of upside and plenty of downside (value and time).

    However good to see through pressure or otherwise the BEPPA position improving step by step.

    Dis: BEPPA only
 
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