http://www.copyright link/p/opinion/billabong_has_lifeline_says_deutsche...

http://www.afr.com/p/opinion/billabong_has_lifeline_says_deutsche_c2P2MJjdfppWWz9m01slqM

Edited by Sarah Thompson, Anthony Macdonald and Gretchen Friemann

"Hedge funds Centerbridge Partners and Oaktree Capital Management may be unhappy with Billabong International’s decision to accept Altamont Capital Partners’ restructure, but Deutsche Bank analysts have given their approval.

Deutsche Bank upgraded the stock to “hold” from “sell” in wake of the deal and says Billabong was been thrown a lifeline."