Monday, July 7, 2008

Clouds gathering over the slow train wreck

Update: B&B rights issue worries grow

At their worst, the shares were trading at 41p each Monday, some 14p below the rights price, raising concerns that shareholders will be deterred from stumping up fresh cash. It has also emerged that B&B will have to pay fees to Goldman Sachs, which gave the bank advice on TPG’s proposed investment, even though the deal fell through.

Posted by paul @ 05:16 PM (433 views)
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One thought on “Clouds gathering over the slow train wreck

  • You’ve got to laugh. B&B are being pick-pocketed by Goldmasn Sachs. I really would not want to be involved with a mortgage with B&B, the phrase “safe as “houses” does not apply here. Oh dear poor BTLer

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