final bid of $1.80?, page-40

Rip Curl received unsolicited
approaches from several international organizations.

This could be very good for BBG and perhaps the reason the SP has gone above the current 2x offers



http://afr.com/rw/2009-2014/AFR/2012/09/17/Photos/3291e34e-0076-11e2-a2e6-32a05ee1ec4f_Rip%20Curl%20media%20release.pdf

Rip Curl has identified a number of global opportunities which could
complement its organic growth. We have also recently received unsolicited
approaches from several international organisations which have indicated a
desire to invest in our company.