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
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on Monday, February 27th, 2012 at 7:42 am and is filed under Fashion, Misc., Surfing & SUP.
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