Breaking News

Nomura, MUFJ-MS, Goldman, JPMorgan to Lead Japan Post IPO

`More Downside' Seen for Billabong Shares, Esho Says

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)

Running time 04:56

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.