BBG 0.00% $1.05 billabong international limited

I dont get it, didnt Gordon Merchant reject a $3 offer not so...

  1. 862 Posts.
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    I dont get it, didnt Gordon Merchant reject a $3 offer not so long ago because he thought it undervalued the company. Now he's agreeing to 60c - has anyone told him $3 is higher than 60c?!

    At the same time, if they dont accept, this company is going into administration in the next few months!
 
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