Billabong Bidder Drops Out Leaving Sale to TPG

Billabong International Ltd. said a second bidder withdrew from the sale process for Australia’s largest surfwear company, leaving TPG International LLC’s A$694 million ($726 million) offer as the only one on the table.
Regulators Pose Old New Financial Risk: Simon Johnson
39:05 - In today's "Morning Must Read," Bloomberg’s Tom Keene recaps the op-ed pieces and analyst notes providing insight behind today's headlines, including comments from former IMF Chief Economist Simon Johnson. He speaks on "Bloomberg Surveillance.” (Source: Bloomberg)
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