B&B investors look on Eircom bid as risky
Outside observers are not alone in trying to figure out how a small Australian investment fund will make a potential €4 billion acquisition of Eircom.
Outside observers are not alone in trying to figure out how a small Australian investment fund will make a potential €4 billion acquisition of Eircom. Investors in Babcock & Brown Capital are also scratching their heads: the shares have slid 18 per cent since the Sydney fund first showed its hand in buying Eircom at a price well under €2 a share last autumn.
With a debt pile of €1.8 billion and a market-worth of over...
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