Billabong’s shares plunged nearly 30 per cent, hitting record lows after emerging from a lengthy trading halt on Wednesday. Billabong revealed late on Tuesday it had entered a 10-day period of exclusive talks about a 60 cents-per-share offer from the Paul Naude/Sycamore Partners Management consortium.
The offer is nearly half the $1.10-per-share offer made by the Sycamore consortium last December and far below the $14 mark that  … More
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