Australia's Billabong says consortium cuts takeover bid to $300 mln
April 09, 2013 at 02:42 AM EDT
SYDNEY, April 9 (Reuters) - Australia's Billabong International Ltd said on Tuesday a consortium led by its former U.S. boss, Paul Naude, had cut its takeover bid for the struggling surf wear company by 45 percent to $300 million.
