Breakfast Deals: Billabong lifeline

Billabong looks to have a future with Altamont Capital Partners, while Etihad's buying up Virgin Australia shares for the long haul.

Billabong International finally has a deal on the table, which could deliver Altamont Capital Partners a sizeable chunk of the surfwear company in the end. Etihad Airways has confirmed it’s buying Virgin Australia shares at the right price. Meanwhile, APA Group’s merger ‘premium’ for Envestra has quickly evaporated and ALS Limited has made its move into oil and gas.

Billabong International, Altamont Capital Partners

After 18 months of almost uninterrupted due diligence, Billabong International has a takeover deal in essence only.

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