BABCOCK & Brown Infrastructure investors with shares worth $119 million are being asked to back a proposal that leaves them with a stake in the company worth just $1 million, after the deal was deemed fair and reasonable by an independent expert yesterday.

BABCOCK & BROWN Infrastructure investors with shares worth $119 million are being asked to back a proposal that leaves them with a stake in the company worth $1 million. The deal was deemed fair and reasonable by an independent expert yesterday.

THE influential shareholder adviser RiskMetrics has recommended that Macquarie Airports (MAp) investors vote against the company's proposal to buy out Macquarie Group's management rights for $345 million, saying payment of the fee would not address risks posed by the renegotiation of $4 billion worth of loans.

THE marine expert who dared to challenge the State Government over the environmental impact of the Wonthaggi desalination plant has complained of unfair treatment and misrepresentation in last week's approval report.

THE true cost of inner-city development is half that of fringe development over 50 years, says a sustainability expert.