(Bloomberg) -- Babcock & Brown Ltd., Australia's second-biggest investment bank, said it has been advised by Alinta Ltd. that Alinta has received an alternative takeover proposal to that made by Babcock and Singapore Power Ltd.
Alinta directors advised Babcock and Singapore Power that they have a duty to consider the proposal and expect to make an announcement ``in due course,'' Babcock said today in a statement to the Australian Stock Exchange.
Read more at Bloomberg Energy News
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