GREENSBORO, United States — VF Corp., the world’s largest apparel maker, dropped its pursuit of Billabong International Ltd.’s surf brand and stores because the Australian company wanted more than VF thought it was worth.
SYDNEY, Australia — Australia's takeover regulator declined a request from Oaktree Capital Management and Centerbridge Partners to delay a $359 million refinancing deal surfwear for company Billabong International Ltd on anti-trust concerns.
SYDNEY, Australia — Billabong International Ltd., the surfwear company that’s accepted a refinancing offer from a group led by Altamont Capital Partners, said it would study a competing proposal from two U.S. distressed-debt investors.
SYDNEY, Australia — Australian surfwear company Billabong International Ltd will sell its DaKine clothing and accessories brand and jettison Chief Executive Launa Inman as part of a A$395 million ($359 million) refinancing deal with a former private-equity suitor.
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.