Billabong International followed up its trading halt with an early evening statement that its two bidding consortiums are still in the data room. But what number do they have in their heads? Elsewhere, word is Sundance Resources is finally getting close to telling Hanlong Mining to bugger off as an American company joins in the controversy of Hanlong chairman's detainment in China. Meanwhile, Commonwealth Bank has won the right to take Aussie Home Loans and Australia’s IPO optimism is about the only thing to lean on for investment bankers, because M&A levels are even poorer than we imagined.
Billabong International, Paul Naude, Sycamore Partners, VF Corporation, Altamont Capital Partners