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TIAA-CREF Bets On Billabong PE Turnaround With New Stake

By Karlee Weinmann ( February 6, 2013, 12:43 PM EST) -- Institutional investor TIAA-CREF has taken a 5.2 percent stake in Billabong International Ltd., the company confirmed Wednesday, betting that one of two looming AU$527 million (US$556 million) private equity-backed buyout bids pans out and sparks a turnround for the struggling clothier....

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