$118m haircut looms for BBI investors

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.

Deal reduces BBI investors to a bare mite

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.