SYDNEY, Australia — Australian surfwear company Billabong International Ltd issued its third profit warning in six months as it revealed on Tuesday that potential takeover suitors had walked away from a deal.
Billabong Spring 2013 Campaign | Source: BillabongSYDNEY, Australia — Billabong International Ltd., Australia’s largest surfwear company, agreed to extend exclusive talks with a group led by a former director and Sycamore Partners Management for a A$287 million ($295 million) takeover for a further 10 days.
Pedestrians walk past a Billabong International Ltd. store at Surfers Paradise, Australia | Photo: Patrick Hamilton/BloombergSYDNEY, Australia — Billabong International Ltd., the surfwear maker whose founder last year said he wouldn’t sell for A$1 billion, fell to a record low in Sydney trading after entering talks on a A$287 million ($300 million) takeover.
Billabong Spring 2013 Campaign | Source: BillabongSYDNEY, Australia — Billabong International Ltd., the surf-wear maker whose founder last year said he wouldn’t sell for A$1 billion, agreed to assess a A$287 million ($299 million) offer by a group led by Sycamore Partners Management.
Pedestrians walk past a Billabong International Ltd. store at Surfers Paradise, Australia | Photo: Patrick Hamilton/BloombergSYDNEY, Australia — Private equity bidders for Billabong International Ltd. are seeking to buy Australia’s largest surf- wear company for as little as 50 Australian cents a share, two people with knowledge of the matter said. Billabong is seeking a higher offer and talks are continuing with the groups led by Altamont Capital Partners and Sycamore Partners Management, said the people, asking not to be identified as the talks are
