$713 Million Offer for Billabong Offer Withdrawn

TPG International LLC scrapped a A$694 million ($713 million) bid for Billabong International Ltd., sending the surfwear maker’s shares to a record low as it was left without a suitor.

European Stocks Close Lower for Fourth Day in Five
17:59 - European stocks closed lower to end the week as the Stoxx 600 fell 0.3 percent. Bloomberg's Mark Barton breaks down the day's trading on "Bloomberg Markets: European Close." (Source: Bloomberg)
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