Billabong made to wait

Billabong is caught between the bargain bin and the reject pile with private equity group Sycamore dragging out talks in a manner that suggests its 60¢ a share tentative offer is no longer on the table, and it may not be able to reach terms with the retailer's board. Billabong went from a trading halt to voluntary suspension on Thursday as negotiations continue.

Billabong is caught between the bargain bin and the reject pile with private equity group Sycamore dragging out talks in a manner that suggests its 60¢ a share tentative offer is no longer on the table, and it may not be able to reach terms with the retailer's board. Billabong went from a trading halt to voluntary suspension on Thursday as negotiations continue.

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