http://www.afr.com/p/business/companies/billabong_nears_deal_with_private_pvbHDlNn6oiawCxZd93xLM
Matthew Drummond and Carrie LaFrenz
"Billabong International is close to agreeing a deal with private equity firm Altamont Capital Partners that could see the company sell off brands to repay its debts that are now owned by hedge funds.
The iconic surfwear company on Tuesday morning requested a two day trading halt so it can consider “proposals presented to the company for alternative refinancing and asset sale transaction.” Sources close to the talks said an announcement may be made as soon as Tuesday afternoon."
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