BREAKFAST DEALS: Billabong's backup

Billabong have a new chairman if TPG talks fail, and Ingham is getting some private equity love.

Billabong International has a new chairman on standby if the TPG Capital talks fall through, but calls by a shareholder lobby group for founder Gordon Merchant to go have missed the mark. Ingham Enterprises is reportedly getting some attention from private equity firms, while Asian buyers still loom large. Meanwhile, Arrium is leaving nothing to chance in its defence against Steelmakers Australia, Nine Entertainment had the briefest of phone calls to get its lenders talking again, there’s a possible bidder war brewing for Acer Energy and billionaire KT Lim’s nephews are coming Down Under as uncle stalks Echo Entertainment.

Billabong International, TPG Capital

Embattled surfwear company Billabong International has gone for a safe pair of hands to take the chair if a $695 million bid from TPG Capital doesn’t pan out.

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