BREAKFAST DEALS: Another Billabong set

Gordon Merchant's mea culpa over the missed sale of Billabong might not be enough to protect his directorship, while Gina Rinehart talks tough in her bid for Fairfax board representation.

Billabong International has effectively opened the floodgates to suitors after a change of heart from founder Gordon Merchant. What price could they now possibly hope for? Meanwhile, DuluxGroup has thrown down a threat to Alesco Corporation in the hope of ending the stalemate between them. Elsewhere, Perpetual will sell its mortgage processing business, but has chief Chris Lloyd done enough to reassure the shareholder base? And for anyone watching last night’s Four Corners episode, mining billionaire Gina Rinehart told producers, in a written response, that she might have to sell out of Fairfax Media if she doesn’t get what she wants.


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