Guys.....check out the article below......as early as jan 2011 analysts reckoned that bbg amongst the retailers was the most likely target of a takeover! Since then they have only gotten a lot lot lot cheaper :-)
http://www.theaustralian.com.au/business/surfwear-retailer-billabong-a-target-deutsche/story-e6frg8zx-1225995067329