TROUBLED retailer Billabong has lost half its share market value in just
half an hour this morning following the announcement that takeover
talks had ended.
Billabong was worth nearly $4 billion back in 2007, but now has a market captialization of under $100 million. The
share dump was sparked by the announcement that Billabong was
discussing possible debt deals and asset sales with two private equity
firms after takeover talks ended.
› Gold Coast Bulletin
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