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BRIEF-Billabong says TPG has not dropped its bid

Oct 4 (Reuters) - Billabong International Ltd :

* Update on TPG

* Says advises that TPG has confirmed that it has not withdrawn from the sale

process

* TPG and its advisers have expressed concerns in relation to some issues,

however discussions in relation to those matters are continuing

((Bangalore Equities Newsroom; +91 80 4135 5800))

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