Seeking Alpha

Billabong (BLLAY.PK) rejects TPG Capital's A$765M ($823M) offer, saying it doesn’t reflect...

Billabong (BLLAY.PK) rejects TPG Capital's A$765M ($823M) offer, saying it doesn’t reflect the "fundamental value" of Billabong with a change in control and that Gordon Merchant, Billabong's founder and largest shareholder with a 15% stake, wouldn't accept such a low price. Billabong closed +4.8% in Aussie trading.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)