Billabong update due

Billabong is expected to update the market on Wednesday on the status of takeover talks after an exclusivity period ended on Tuesday. A spokesman refuted suggestions negotiations have been delayed by the retailer failing to provide documents to a consortium led by Paul Naude. The consortium has pencilled in a "non-binding" offer of 60¢ a share.

Billabong is expected to update the market on Wednesday on the status of takeover talks after an exclusivity period ended on Tuesday. A spokesman refuted suggestions negotiations have been delayed by the retailer failing to provide documents to a consortium led by Paul Naude. The consortium has pencilled in a "non-binding" offer of 60¢ a share.

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