Billabong in a bind

Billabong is caught between the bargain bin and the reject pile with its latest suitor dragging out talks in a manner that suggests its 60¢-a-share tentative offer is no longer on the table. Billabong went from a trading halt to voluntary suspension on Thursday as negotiations continue with executive Paul Naude and private equity group Sycamore.

Billabong is caught between the bargain bin and the reject pile with its latest suitor dragging out talks in a manner that suggests its 60¢-a-share tentative offer is no longer on the table. Billabong went from a trading halt to voluntary suspension on Thursday as negotiations continue with executive Paul Naude and private equity group Sycamore.