Billabong to Study Rival Refinancing Deal from U.S. Debt Funds

Billabong Spring 2013 Campaign | Source: Billabong

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.

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Australia’s Billabong Strikes $359M Refinancing Deal; CEO Goes

Billabong Spring 2013 Campaign | Source: Billabong

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.

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Billabong Extends Talks With Sycamore for A$287 Million Takeover

Billabong Spring 2013 Campaign | Source: Billabong

SYDNEY, 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.

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Billabong Falls to Record Low on Offer Below Inventory Value

Pedestrians walk past a Billabong International Ltd. store at Surfers Paradise, Australia | Photo: Patrick Hamilton/Bloomberg

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.

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Billabong Bidders Said To Seek Deal Less Than Half Initial Offer

Pedestrians walk past a Billabong International Ltd. store at Surfers Paradise, Australia | Photo: Patrick Hamilton/Bloomberg

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

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