merchant open to new takeover bid, page-13

it will rise a lot more then 1.50.....TPG's 3.30 last time would equate to around 1.75 ish now....they could easily raise that and still pay less then they did in feb on an enterprise value basis (i.e they will be taking on a lot less debt now...).....

likely scenario in my view is a bidding war....only retail in Australia is hurting......retail giants like PPR ( who own gucci and bought volcom last year.....NIKE ( who bought hurley).....VF corp ( who just recently bought timberland).....etc. are all cash rich + the other PE folks who had a look at BBG in december like KKR, Archer, Soloman Liu etc...

Bring on a bidding war!!!