50% chance the offer will be raised to $1.60, page-2

Some more reading on Billabong:

"NATHAN BELL: We're basically just sitting on our hands to see what happens; I don't think shareholders need to do anything at the moment; I think they can just sit back and wait to see what happens.

I think a deal will get done is my guess, and I think what transformation strategies show today is that there is actually a lot of value within this business, and you would see a share price of much better than $1.45."



http://www.abc.net.au/pm/content/2012/s3577009.htm