Billabong International’s board is under pressure to have a proper look at late arrivals Centerbridge Partners and Oaktree Capital. The US pair think they can get a deal done in a week. Ah ha, we’ll see about that. United Petroleum has reportedly received a bit of interest before even starting a sales process. Perhaps it’s time to pull the trigger. Elsewhere, Boart is facing a tough road whether it refinances or raises capital, and people are caring less and less about what Labor says about GrainCorp.
Billabong International, Centerbridge Partners, Oaktree Capital, Altamont Capital