Business news : Billabong Suspends Trading In Lieu of Merger Talks

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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