Judge Shannon told Quiksilver that he wants to see a better deal than Oaktree is offering. He allowed the Quik/Oaktree deal to move forward as long as Quik made a real effort for a better deal. If this garbage deal is allowed come January 25, we'll see an IPO and a USA Quik, Billabong merger... If court allows current BK plan, with most debt forgiven in place, why wouldn't a buyer just come along and scoop up Quiksilver, with Oaktree holding their secured position with all the others that have secured positions....
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