Billabong dismisses ASA call

Calls by shareholders group to delay Altamont deal brushed off by surfwear giant.

Billabong International (BBG) has dismissed a call by the Australian Shareholders Association to delay its $325 million deal with US private equity firm Altamont Partners to consider a rival bid, The Australian reports.

According to the newspaper, ASA chairman Ian Curry called on the surfwear reatiler over the weekend to make more information about a rival bid from two other US funds, Centerbridge and Oaktree, available to shareholders.

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