BBG. Good but open-ended annc from BBG re mngmnt buy-out. No price offered. Helping the SP atm. Has 6 weeks window.
"The Board of Billabong wishes to advise that there is no guarantee that, following discussions held by Mr. Naude, a proposal which is able to be considered by the Board will be forthcoming nor, even if such a proposal is forthcoming, that it will be deemed by the Board to justify the granting of due diligence."
