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Billabong International Ltd. ADR (BLLAY)

- OTCPK - Current
  • Apr. 5, 2013, 8:50 AM
    Takeover offers for Billabong (BLLAY.PK) have come in lower than anticipated, according to the Australian Financial Review. Sycamore Partners entered a bid of A$0.60 per share while U.S. retailer V.F. Corp (VFC) came in at A$0.50 per share.
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  • Jan. 14, 2013, 8:01 AM
    In a statement confirming its participation in a bid for Billabong (BLLAY.PK), V.F. Corp. (VFC) says its primary interest in the transaction is the Billabong surfwear brand. The company is quick to note the proposal is not a binding offer.
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  • Jan. 14, 2013, 7:24 AM
    Billabong (BLLAY.PK) says it received a competing buyout offer from a group of U.S. investors that includes V.F. Corp. (VFC). The Australian surfwear company will take six weeks to evaluate the competing bids it has in front of it.
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  • Feb. 27, 2012, 2:43 AM
    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.
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Company Description
Billabong International Limited's core business is the marketing, distribution, wholesaling and retailing of apparel, accessories, eyewear, wetsuits and hardgoods in the boardsports sector under the Billabong, Element, Von Zipper, Honolua Surf Company, Kustom, Palmers Surf, Xcel, Tigerlily,... More
Country: Australia