Billabong Gets Rival $556 Million Offer
Billabong International Ltd., Australia’s largest surfwear maker, received a takeover offer from VF Corp., the maker of Lee jeans, and Altamont Capital Partners that matches a A$527 million ($556 million) bid from one of its directors.
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Arnault Family Makes Bid for Christian Dior Shares
20:32 - The luxury giant LVMH is to buy the 26% Christian Dior Couture it doesn't already own for about 12.1 billion euros. Bloomberg's Phil Serafino reports on "Bloomberg Daybreak: Europe." (Source: Bloomberg)