Has this ever happened before?Billabong went into trading halt...

Has this ever happened before?

Billabong went into trading halt with 2 takeover offers in play, no negative financial announcements were made whilst in halt and they come out of the halt with an offer that the board is recommending below that of the last traded price, in fact below the trading price of the stock for at least the last 5 years.

And not only that, the same chairman that is endorsing this deal rejected a deal worth 6 times this just 12 months ago.

Is that the most ridiculous to have ever happened on the ASX?

Surely there most be some side deals going on with Gordon and his mates, for them to be able to endorse the offer.

This has got to be looked into further!