Australian regulator declines PE request to delay Billabong deal
The Australian Government Takeover Panel - the country's takeover regulator - has declined a request from Oaktree Capital Management and Centerbridge Partners to delay a A$395 million ($359 million) refinancing deal for surf-wear company Billabong International.
The two US hedge funds, whose own refinancing proposals were turned down by Billabong, asked the Panel to intervene in the deal with Altamont Capital Partners on anti-trust grounds. They argued that some...
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