final bid of $1.80?, page-44

" I actually don't see the rip curl overtures as a good thing for us as it just means more competition for PE's money."

This in a nutshell is why I've taken my money off the table for the moment. I want to see how this affects the takeover proceedings because I don't think TPG and Bain are going to be jumping over each other as much now that there's that 'second prize' up for offer if one of them miss out on this business. Simply put, they'll now also be casting an eye over Rip Curl too, and other potential bidders will be joining this same boat with them. Who knows, I could be wrong, but I just can't see this helping traders like myself who wanted a simple, fast and efficient outcome with this takeover; hence I sold. Ultimately I think this news will dampen the final winning bid for Billabong if the business is bought, thus reducing potential upside from here.