We were due an update yesterday on the situation at Billabong after the 10 day exclusive negotiation period ended. This morning we have word that talks between Paul Naude and Billabong are continuing. According to Business Spectator, “Sycamore (Naude’s backers) has reportedly struggled to obtain all of the key documents it has requested as part of its efforts to review a potential Billabong buy …” Read more at Business Spectator.