Billabong International Ltd. (BBG),Australia’s largest surfwear company, rejected a A$765 million ($817 million) takeover proposal from buyout firm TPG Capital and said it’s continuing talks to try for a higher offer.
The A$3-a-share cash bid doesn’t reflect the “fundamental value†of Billabong with a change in control … More
The tsunami that followed on the heels of the March 11,2011, earthquake in Japan produced millions of tons of debris much of which was swept into the ocean. What stayed afloat drifted apart under the influence of winds and currents, most of it eastward. Predicted to reach the West Coast of the United States and Hawaii within the coming years, the debris’ composition and how much is still floating on the surface are largely unknown.
One thing is certain: the debris is … More
Billabong International Ltd has announced a swathe of job cuts, store closures and the sale of part of a key asset after posting a large fall in profit in the first half.
Shares in the surfwear retailer and manufacturer surged on coming out of a trading halt, lifting over 60 per cent immediately after reinstatement.
At 1330 AEDT, Billabong shares were trading  … More