1. Activist Shareholder Takes Aim at Billabong's Board

    Activist Shareholder Takes Aim at Billabong's Board

    A storm is brewing over Australian surfwear retailer Billabong International Ltd.'sBBG.AU +1.03% boardroom.  U.S.-based Coastal Capital International is pressing for a meeting of Billabong shareholders to decide of the ouster on most of the debt-laden company’s directors. Only founder Gordon Merchant and his former personal assistant, Colette Paul, would be exempt from the vote if the meeting takes place...

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