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B&B consortium in Alinta discussions

THE Babcock & Brown Ltd consortium has been forced back to the bargaining table after a last-ditch grab for energy utility Alinta Ltd by Macquarie Bank Ltd. The consortium confirmed this week it had entered into discussions with Alinta about a revised offer following the new Macquarie bid. The three Babcock & Brown trusts involved in the consortium entered into a trading halt pending the outcome of the discussions.

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