Fri, Sep. 11, 8:56 AM
Wed, Sep. 9, 1:47 PM
- Quiksilver (ZQK) officially files for Chapter 11 bankruptcy to end a long period of speculation on the future of the surfwear company.
- Financing from Bank of America and affiliates of Oaktree Capital Management will keep Quiksilver's operations afloat.
- The bankruptcy does not impact Quiksilver's business in Asia and Europe.
- Previously: Quiksilver looks for a buyer (Sept. 2)
- Previously: Bloomberg: Quiksilver to plan bankruptcy filing as soon as tonight (Sept. 8)
Tue, Sep. 8, 7:06 PM
- Quiksilver (NYSE:ZQK) -60.4% AH following reports that the surfwear chain is planning to file for bankruptcy as soon as tonight.
- As part of the plan, a P-E buyer that owns similar brands will provide debtor-in-possession financing, Bloomberg reports.
- ZQK reportedly had been holding discussions with potential strategic bidders, with the goal of a management-led buyout, ideally outside of a bankruptcy, that would let the company retain its stores.
Tue, Sep. 8, 5:35 PM
Wed, Sep. 2, 1:42 PM
- Quiksilver (ZQK +5.5%) is seeking a management-led buyout, sources tell Bloomberg.
- Analysts think pulling off a buyout outside of the bankruptcy court could be tricky at Quiksilver's current level of free cash flow.
- Shares of the sporting goods seller were up as much as 28% this morning before retreating back down.
Tue, Jun. 23, 6:07 PM
- NiSource spinoff Columbia Pipeline Group (CPGX) is taking Allegeheny Technologies' (NYSE:ATI) spot in the S&P 500. Allegheny will join the S&P MidCap 400.
- Also joining the S&P 400: Casey's General Stores (NASDAQ:CASY), Graham Holdings spinoff Cable One, DuPont spinoff Chemours, and the post-spinoff Energizer (NYSE:ENR).
- Getting dropped to the S&P SmallCap 600 from the 400: Unit Corp. (NYSE:UNT), Harsco (NYSE:HSC), and Semtech (NASDAQ:SMTC).
- Also joining the S&P 600: Nektar (NASDAQ:NKTR), Masco spinoff TopBuild, and the new/post-spinoff Gannett (NYSE:GCI). Gannett's broadcast/digital spinoff Tegna (Pending:TGNA) will have old Gannett's spot in the S&P 500.
- Getting dropped from the S&P 600, and not moving up: Aeropostale (NYSE:ARO), Paragon Offshore (NYSE:PGN), PetroQuest (NYSE:PQ), Quiksilver (NYSE:ZQK), and FXCM.
- Leaving the S&P 400, and not moving elsewhere: Peabody (NYSE:BTU) and AOL (acquired by Verizon).
- ATI -1% AH. UNT -0.7%. ARO -1.1%. PQ -1.9%. BTU -1.1%. NKTR +5.2%.
- Press Release (.pdf)
Fri, Jun. 12, 1:16 PM| Fri, Jun. 12, 1:16 PM | 4 Comments
Tue, Jun. 9, 9:17 AM
Tue, Jun. 9, 7:33 AM
Mon, Jun. 8, 5:30 PM
Mon, Jun. 8, 12:49 PM
Wed, Jun. 3, 7:55 PM
- Elizabeth Dolan has resigned from Quicksilver's (NYSE:ZQK) board, writing "Your lack of trust in me has been made clear" and saying she had been excluded from key discussions and votes. "On my end, this can't be rebuilt."
- Dolan is chief marketing officer for Fox International Channels, and previously worked as CMO for OWN: The Oprah Winfrey Network.
- Quicksilver tumbled amid turmoil earlier this spring when its CEO and CFO were pushed out of the company.
- Shares were up 5.1% today after setting a 52-week low of $1.18 yesterday. Before today's move, the stock was down more than 46% YTD.
Fri, Mar. 27, 12:45 PM
Fri, Mar. 27, 11:46 AM
Fri, Mar. 27, 7:49 AM| Fri, Mar. 27, 7:49 AM | 5 Comments
Wed, Mar. 18, 12:45 PM
ZQK vs. ETF Alternatives
Quiksilver Inc designs, develops and distributes apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.
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