Billabong International

Billabong International’s share price fell 18% yesterday as rumours emerged that private equity suitor TPG was considering withdrawing its conditional $1.45 per share takeover bid (Bain Capital withdrew from the bidding process in September). In response Billabong announced that it was still in negotiations with TPG but admitted that there were some stumbling blocks. With Billabong’s share price now back below $1.10, what should you do? If you think TPG is foxing to lower its bid, then you could buy now and hope for a quick return when a deal gets done. This speculation, however, makes much more sense...

Billabong International’s share price fell 18% yesterday as rumours emerged that private equity suitor TPG was considering withdrawing its conditional $1.45 per share takeover bid (Bain Capital withdrew from the bidding process in September). In response Billabong announced that it was still in negotiations with TPG but admitted that there were some stumbling blocks. With Billabong’s share price now back below $1.10, what should you do?

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