Billabong Says Rival PE Rescue Bid Came Too Late
By Karlee Weinmann ( July 18, 2013, 1:14 PM EDT) -- Sputtering surfwear retailer Billabong International Ltd. on Thursday confirmed it spurned a refinancing proposal from Centerbridge Partners LP and Oaktree Capital Management LP after the private equity pair submitted its bid too late and the company had already settled on a rival offer....
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