Surf's up

Will Billabong go to $4?, and just when is a €˜final offer€™ really final at Ludowici?

PORTFOLIO POINT: The $3 offer for the surfwear brand might form a base for talks that take the price much higher.

Billabong International (BBG). The Billabong board has admitted to what we knew last week: it’s received an indicative, non-binding proposal from TPG Capital to take it over for $3 a share.

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