also check out the quote below....to me that is one explanation for why TPG is moving so fast in representing their offer and starting to buy on the market.....they likely want to try and finalise the deal within the next 3 months!
Perennial portfolio manager Grant Oshry told the Australian Financial Review that Billabong wouldn’t complete the sale of the Nixon brand to Trilantic Capital Partners for 90 days, giving it almost three months to step up talks with TPG.
“The window of opportunity is still open; there is a 90-day window with Trilantic to close,” Oshry told the paper.
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