MARKETS SPECTATOR: Billabong's extended sale

A Paul Naude-Sycamore Partners acquisition of Billabong International at a heavy discount looks inevitable, despite further delays to clinching the deal.

Paul Naude and Sycamore Partners are still in the box seat to acquire fallen surfwear company Billabong International for 60 cents a share. The odd couple now have until May 8 to secure backing from Billabong’s board.


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