The Australian Securities Exchange (ASX) has agreed to halt trading of Billabongâ€™s stock until Monday, March 25 or until the company releases an announcement. Billabong said the halt was necessary to investigate trading levels of its shares yesterday.
Shares of Billabong (BBG:AX) plunged over 14% yesterday on heavy trading, with more than 9.2 million shares changing hands compared to the three-month daily average of 2.7 millionÂ Â …Â More
Billabong International Ltd. has set a March 28 deadline for its two suitors to make final bids, an unattributed source told The Wall Street Journal.
As reported, VF Corp. and Altamont Capital Partners in mid-January submitted a buyout offer for Billabong that values the Australian surf company at about $1.16 a share, or $556 million. VF is seeking toÂ Â …Â More
Quiksilver, Inc.(NYSE:ZQK) jumped +4.44% and closed at $6.59 in the last trading session with the overall traded volume of 2.01 million shares, less versus the average volume of 2.72 million shares. The company earlier had confirmed changes to its lineup of brands during its recent quarterly earnings call with analysts.
Its Quiksilver brand is set to exit the womenâ€™s businessÂ …Â More