Billabong Has Concerns About Takeover

Billabong International Ltd., the Australian surfwear maker facing a A$694 million ($710 million) takeover approach from TPG International LLC, climbed in Sydney trading after saying the sale was still ongoing.
Equity Valuations Lofty, Earnings Lousy: Morganlander
47:57 - Stifel Nicolaus' Chad Morganlander and Bloomberg's Michael Regan discuss the global selloff in stocks with Bloomberg's Pimm Fox on "Taking Stock." (Source: Bloomberg)
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