Billabong update due

Billabong is expected to update the market on Wednesday about the status of takeover talks after an exclusivity period ended on Tuesday, according to the article.

The article says the consortium is led by Paul Naude.

The consortium has pencilled in a 'non-binding' offer of 60¢ a share, as reported in the article.

The article describes the consortium's proposal as 'non-binding', indicating the 60¢ a share figure is not presented as a final, legally binding bid.

No. A Billabong spokesman refuted suggestions that negotiations have been delayed by the retailer failing to provide documents to the consortium led by Paul Naude.

According to the article, the exclusivity period ended on Tuesday.

Investors should watch the Wednesday update for clarification on the status of the takeover talks, any changes to the consortium's 60¢ a share non-binding offer, and any comments about document sharing between Billabong and the consortium.

No. The article only reports the expected market update, the end of the exclusivity period, the spokesman's refutation about documents, and the consortium's pencilled non-binding 60¢ a share offer; it does not state how shares have reacted or will react.