Report on TPG Offer for Billabong

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Feb. 17 (Bloomberg) -- TPG Capital, the buyout company run by David Bonderman, offered to buy Billabong International Ltd. for A$765 million ($823 million) after a slump in the surfwear maker's earnings and share price. Dan Petrie reports from Sydney on Bloomberg Television's "First Look" with Caroline Hyde. (Source: Bloomberg)

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