BREAKFAST DEALS: Emerging Billabong

Billabong is expected to exit takeover talks with discounted offers, while the ACCC is making a mess of Virgin's Tiger courtship.

Today, at long last, could very well be the day that Billabong International shows us what a binding proposal for the company looks like after a procession of indicative proposals. Hopes are dimming that Virgin Australia’s deal with Tiger Airways will go ahead in the end. Meanwhile, Telstra has won some love from the ACCC as the Adam Internet jostling continues, Leighton Holdings has gotten its telco assets away to a big Canadian and Gina Rinehart’s Roy Hill builder has revealed itself.

Billabong International, Paul Naude, Sycamore Partners, VF Corporation, Altamont Capital Partners

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