Peter Esho, chief market analyst at City Index Australia Pty., talks about the business outlook for Billabong International Ltd. (BBG) following a scrapped bid for the retailer by TPG International LLC.
TPG abandoned its A$694 million ($713 million) bid for Billabong, sending the surfwear maker’s shares to a record low as it was left without a suitor. Esho speaks from Sydney with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
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