Billabong proxy war looms

Hedge fund Altamont Capital may find itself without a Billabong board to conclude negotiations if a spill is called.

The gloves are about to come off in the battle for control of Billabong.

A proxy war is looming between both major protagonists now battling for the hearts and minds of Billabong (BBG) shareholders following a scramble to snap up the debt and a subsequent skirmish before the Takeovers Panel.


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