They have only just started due diligence, and the process takes a few weeks. You would think any decision or presentation from TPG won't be until then (say 3rd week of September).
We know TPG is keen, otherwise they wouldn't be back again after their previous 2 failed takeover offers. Even without another rival bid, I'm confident TPG will at least come back with another higher offer.
Patience is the key!
A good article in today's SMH:
"Billabong is a renovator's dream. TPG has known that for a while, and now Billabong and its shareholders know it, too. The question is who does the job, and how the upside is shared."
