Billabong on Thursday requested yet another trading halt in its shares
to allow the company to progress discussions with parties exploring a
bid for the company.
A source told the Wall Street Journal that
both Sycamore Partners and Billabong’s former Americas head Paul Naude;
and VF Corporation and Altamont Capital Partners, are still engaged in
talks. Sycamore Partners’s second period of exclusivity has ended.
Earlier this year, both groups offered A$1.10 a share to gain due diligence.
Source bilabong through SportsOneSource
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