Gordon Merchant, the founder of Billabong International, has bought 2.5...

2012-03-27T00:00:00

Gordon Merchant, the founder of Billabong International, has bought 2.5 million new shares of the company to raise his stake from 15.1 percent to 15.8 percent. The company had been in talks about a takeover with the private equity group TPG, though the talks ended in February. Merchant's new, bigger ...

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