BREAKFAST DEALS: Billabong pause

The market remains sceptical on a Billabong bidding war, while Leighton has a suitor for its telco assets.

Billabong’s new suitor has serious street cred and likes the troubled company’s central brand, but the market remains sceptical about a bidding war. Leighton Holdings reportedly has a former Telstra partner on the line for its telco assets. Meanwhile, Fortescue is back out of shale gas for the moment, Harry Winston Diamonds is looking logical as the Rio Tinto diamond business buyer and Whitehaven Coal is keeping cool on Shenhua rumours as the email hoax aftermath continues.

Billabong International, VF Corporation, Altamont Bidding Partners



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