reject the offer!!, page-13

TPG originally pitched a bid at as much as $3.30 a share in February, but this was rejected by the Billabong board and by the company's founder and biggest shareholder Gordon Merchant - didnt he say he wouldnt sell at even $4 ?


Reminds me of the Qantas directors who told shareholders not to take $6.50 only to see it go sub $1 still not back to $2 - ASX is just a giant dairy where the mums and dads get milked on a regulae basis by management and the big end of town

hOOt


http://www.abc.net.au/news/2012-07-24/billabong-receives-fresh-takeover-offer/4150296