for all BONGsters out there re BBG, thanks to CL27's searching in todays AFR -
"VF Corp takes advice on Billabong 06 MARCH 2013 | THE AUSTRALIAN FINANCIAL REVIEW | SARAH THOMPSON AND ANTHONY MACDONALD PRINT: 06 MARCH 2013 | THE AUSTRALIAN FINANCIAL REVIEW | PAGE 16 | VF CORP TAKES ADVICE ON BILLABONG Morgan Stanley is believed to have snared a role with United States-based retailing powerhouse VF Corp and private equity firm Altamont Capital Partners in their possible joint bid for Billabong International"
So what can we read into that ??? VF Corp is serious about the bid and needs Morgan Stanley to check over it (fresh pair of eyes)to confirm their intentions to proceed with a formalised offer at $1.10 or above... thoughts anyone.
