Surf retailer Billabong (BBG) looks set to close nearly 50% down after takeover talks with two potential buyers ended.
The two private equity groups, Sycamore Partners Management and Altamont Capital Partners are now in asset-sale and refinancing talks with Billabong.
That means it could be broken up.
At 03:46 PM today, it was down 49.45% to 22 cents.
Earlier it was down by as much as 58%.
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