Billabong Gets A$527 Million Sycamore Bid as Profit Forecast Cut

Billabong Gets A$527 Million Sycamore Bid as Profit Forecast Cut

Carla Gottgens/Bloomberg

A surfer wearing a Billabong International Ltd. wetsuit at Bells Beach in Torquay, Australia. Billabong shares fell 8.2 percent at 11:05 a.m. in Sydney trading to 90 Australian cents, headed for their biggest drop in more than two months.