BREAKFAST DEALS: Billabong beat-up

Billabong is confronted with an unlikely new takeover distraction, while Arrium remains open to offers – if they're fair.

Billabong International is back in the deals pages after a director stepped away to try to find the financial firepower to take the company private. Few give him a chance and if it fails, it’s just another distraction for boss Launa Inman. Qantas Airways is similarly fighting the news cycle this morning. Meanwhile, Arrium chairman Peter Smedley has done a good job reassuring investors, Elders boss Malcolm Jackman is confident the company will handle its debts without difficulty, and there’s a theory floating around about a potential buyer for Kerry Stokes’s Coates Hire.

Billabong International

Launa Inman faces another six weeks as the leader of an embattled clothing company that’s the subject of takeover speculation.



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