Billabong releases the summer swim 2012 collection. Featuring model Zippora Seven from New Zealand
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
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
Billabong fields private equity takeover bid
Private equity firms are eying Billabong International Ltd, with one suitor presenting an offer worth $766 million, according to The Australian Financial Review.
The debt-laden surfwear retailer and manufacturer has become the latest company to be targeted by private equity buyers.
The offer, said to be worth at least … More