Given that BBI management/board were shown an alternative refinancing option that allowed them to roll over existing corporate level bank debt into a convertible bond(the RBS proposal), which would have allowed everyone junior (ie. hybrids and equity) to remain in place. And BBI mgmt/board refused this in favour of an absurdly value destructive re-floatation of the business(ie. Brookfield recap). i think all shareholders(including beppas) should reject the deal when given the chance to vote.
in fact , i don't know how they are going to get any beppa haircut agreed to when i believe it requires 75% vote to pass..
in fact , i don't know how they are going to get any beppa haircut agreed to when i believe it requires 75% vote to pass..