THE DISTILLERY: Billabong abandoned

Jotters outline why Billabong's suitors walked away after due dilligence, and what this means for its share price.

Billabong International starts the week of Monday October 15 with its share price at 83.5 cents a pop because the surfwear company doesn’t have a single suitor on its dance card. Two points have emerged.

First, the company was in such a weakened position that it had to open its books to opportunistic bidders without any questions – the consequences of which are now painfully clear.

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