here we go , page-145

I think another pe tilt at billabong is very likely. Ww know that upto 5 parties ran a ruler over billabong in december. When a pe fund or a teade partner makes a bid for billabong......they just dont pay the equity amount they bid.......they also assume the debt......so the full cost to them is the equity they bid plus the debt they assume.......so in my view whislst the shares on isse has now nearly doubled so they will need to pay more equity potentially.......the cost to them wouldnt neccesarily be more as they would take on less debt? What are your thoughts?