Speculation is mounting that Billabong’s two US private equity suitors have dropped their takeover offer price to as low as 80¢ a share, down from an initial proposal priced at $1.10, with the bidding team associated with Billabong executive Paul Naude tipped as a front-runner.
Billabong on Tuesday called for a trading halt in its shares while negotiations continued  … More
Billabong shares have been placed in a trading halt until Thursday, April 4 or until the company releases an announcement about negotiations with two bidders regarding discussions to purchase the company.
Billabong issued another trading halt on March 21 and had expected the purchase negotiations to be wrapped up by the end of March.
Billabong is in discussions with two groups including one led by  … More
The securities of Billabong International Limited (the “Companyâ€) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the commencement of normal trading on Thursday, 4 April 2013, or when the announcement is released to the market.
The Wall Street Journal reports  … More
A lengthy due diligence process inside the Billabong group concluded on Thursday, and the two consortiums involved are believed to have both firmed up their earlier indicative takeover proposals.
Billabong’s board is expected to meet over the Easter break to consider the confirmed offers, from  … More