Sponsors
Billabong ▲ +0.015 | PPR ▲ +0.55 | American Apparel ▼ 0.000 | The Buckle ▲ +0.66 | Columbia ▲ +0.36 | Deckers Outdoor ▲ +1.92 | Dicks ▲ +0.78 | Foot Locker ▲ +1.03 | Genesco ▲ +1.62 | Iconix Brand Group ▲ +0.72 | Jarden Corp ▲ +1.48 | Nordstrom ▲ +1.57 | Luxottica ▲ +0.29 | Nike ▲ +1.74 | Pacific Sunwear ▼ -0.01 | Skullcandy ▲ +0.08 | Sport Chalet - 0 | Urban Outfitters ▲ +0.05 | VF Corp ▲ +2.71 | Quiksilver ▲ +0.07 | Zumiez ▲ +1.26 | Macys ▲ +1.31 | Tillys ▲ +0.26 |
Readers Say
Executive Edition is a must have
Executive Edition is a must have

Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.

- By Jeff Berg, Co-owner, Surfline
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Industry Insight

SDSI recaps FundSource OR success. Four reasons for B2B companies to embrace ecomm from NuORDER.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

TPG bids for Billabong despite Nixon sale

By Tiffany Montgomery
February 20, 2012 7:03 AM

Private equity firm TPG Capital still wants to buy Billabong even after the Nixon sale and has made a bid for the rest of the company.

 

Billabong disclosed the news Monday in Australia.

 

TPG bid $3 cash per share.

 

Billabong's stock closed at $2.83 on Monday.

 

Here is the notice that Billabong filed with the Australian Securities Exchange.

 

PROPOSAL RECEIVED


GOLD COAST, 20 February, 2012: The Board of Directors of Billabong announces that, before market opening today, it received a non-binding, indicative proposal from TPG Capital to acquire all of the shares in the company for $3.00 cash per share by way of a Scheme of Arrangement.

 

The proposal is subject to due diligence, subject to finance and conditional on a number of other matters, but it does not preclude the Nixon transaction announced on Friday 17 February 2012.

The Board of Billabong will consider the proposal and advise shareholders of its views in due course. In the meantime, Billabong shareholders do not need to take any action in response to the proposal.

 

Billabong has appointed Goldman Sachs as financial advisors and Allens Arthur Robinson as legal advisors.

MARIA MANNING

COMPANY SECRETARY

 

 

 

 


More on: Billabong, TPG, Nixon

Articles You Might Have Missed