Change at the Top: New CEO Looks to Boost Billabong

July 19 (Bloomberg) -- Billabong may have avoided a wipeout this week when it received a $294 million refinancing deal from Altamont Capital. Under the terms of the deal the company would sell its Dakine Brand to Altamont for $70 million but there is a competing proposal on the table. In either case, CEO Launa Inman would be replaced by Scott Olivet, the former Chairman of Oakley. Paul Allen reports on the company's future. (Source: Bloomberg)
China Shanshui Shareholders Reject Change
39:39 - China is experiencing a rare tussle for corporate control as shareholders of a cement maker clash amid mounting industry consolidation. China Shanshui Cement Group held an extraordinary general meeting at which the largest shareholder’s proposal to oust its leader was rejected. Bloomberg's Lianting Tu has more on "Trending Business." (Source: Bloomberg)
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