merchant open to new takeover bid

http://m.businessspectator.com.au/businessspectator/#!/article/Billabong-founder-says-he-is-open-to-new-takeover--pd20120625-VLQZ5?OpenDocument&src=hp10&modapt=news

“I feel bad about the whole situation,” Mr Merchant said, according to the AFR. “I thought it was the right decision at the time ... No one has lost more money than I have. I don't have any set figure in my head, but I would consider [a lower offer than $4 a share].”