Billabong in halt

Shares in troubled retailer Billabong have been placed in a trading halt before an update about its potential takeover. Billabong is in exclusive talks with the Sycamore consortium, made up of the retailer's US-based executive Paul Naude and private equity firm Sycamore Partners, which has offered $287 million for the retailer. The talks are due to end on Wednesday.

Shares in troubled retailer Billabong have been placed in a trading halt before an update about its potential takeover. Billabong is in exclusive talks with the Sycamore consortium, made up of the retailer's US-based executive Paul Naude and private equity firm Sycamore Partners, which has offered $287 million for the retailer. The talks are due to end on Wednesday.

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