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Trilantic Snags Stake In Billabong's $464M Watch Unit

By Martin Bricketto (February 17, 2012, 7:25 PM EST) -- Billabong International Ltd. has rejected a nearly $3.22 per share buyout offer from TPG Capital in favor of the partial sale of its Nixon Inc. unit to private equity firm Trilantic Capital Partners, which values the watch company at $464 million, Billabong said Friday....

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