SYDNEY, 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.
SYDNEY, 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.
SYDNEY, 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
SYDNEY, Australia — Troubled Australian surfwear firm Billabong International Ltd said on Tuesday it is still in talks with two takeover suitors and requested a trading halt in its shares ahead of a possible announcement this week.
SYDNEY, Australia — Billabong International Ltd., Australia’s largest sports-wear company, fell to a record low today as it awaited takeover offers from two private equity groups that have made provisional approaches.
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