BREAKFAST DEALS: Rock bottom Billabong

Any Billabong deal is likely to be heavily discounted, while Ten Network seems to have all but given up its fight for Southern Cross.

Billabong International should be within days of having final deals on the table from its suitors and the market isn’t feeling the love. The broader industry shows it’s just not a good time to sell. Ten Network has really gotten under the skin of regional broadcasting partner Southern Cross Media, not at a good time too. Meanwhile, General Electric isn’t selling an Aussie portfolio to Mirvac, but there are still reasons to be excited, Nathan Tinkler could be compelled to reveal more than he might like to in court later this week and Fairfax Media shareholders should find a way to buy out Gina Rinehart.

Billabong International, Quiksilver

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