Billabong Drops on Report TPG May Quit Bid Process

Billabong Drops on Report TPG May Quit Bid Process

Carla Gottgens/Bloomberg

A surfer wearing a Billabong International Ltd. wetsuit looks out towards the surf at Bells Beach in Torquay, Australia. Billabong became a target for buyout groups following a slump in its share price triggered by a fall in earnings and the need to repay debt.