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Bain reportedly bids on Billabong

Updated: September 8, 2012, 6:34 PM ET
By Keith Hamm | ESPN.com

Within days of launching a financial overhaul and appointing Target alumnus Colin Haggerty their new manager of global retail efforts, Billabong International board members Wednesday received another takeover bid as the company struggles in the wake of last year's $275.6 million loss.

Bain Capital, a private equity and investment firm founded in 1984 and headed up for 15 years by Republican presidential candidate Mitt Romney, has submitted a new offer for Billabong, the New York Times ...

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