By  on July 27, 2012

SYDNEY — Billabong International Ltd is giving TPG Capital access to its books — but keeping its options open.

On Tuesday, the embattled Gold Coast, Queensland-based surfwear company revealed it had received a fresh takeover offer from TPG Capital of 1.45 Australian dollars, or $1.49 at current exchange, per share, valuing the company at 695 million Australian dollars, or $716 million.

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