Business news :Billabong Reaffirms Guidance

At its annual shareholder meeting, Billabong officials reiterated that it is expecting to deliver EBITDA in the range of Australian $100-$110 million in constant currency terms in its year ending June 2013, reaffirming the company’s previous guidance. Regarding TPG's decision to withdraw its bid to acquire the company, Chairman Ted Kunkel said the firm "was not made aware of any information that caused it concern or of which it was unaware."

The full addresses at the shareholder meeting from the chairman and CEO Launa Inman are available at this link.

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( SportsOneSource Media )