bidders have until 28th march, page-16

"12:55pm: With Billabong suitors due to either front up or walk away from their tentative $1.10 a share offers by the end of this week UBS was offering some food for thought on how things might play out.

UBS retail analyst Ben Gilbert says the most likely outcome is a 91c a share offer - based on the original 8x EBIT multiple before the recent downgrade."


Read more: http://www.smh.com.au/business/markets-live/markets-live-investors-wary-after-cyprus-deal-20130326-2gqzn.html#ixzz2OhwTAbFw