×
3 578
Fashion Jobs
FRASERS GROUP
Information Security Governance Analyst
Permanent · SHIREBROOK
L'OREAL GROUP
l'Oreal Luxe Multibrand Retail Account Manager
Permanent · London
COTY
National Account Manager
Permanent · London
TK MAXX
Loss Prevention Officer-tk Maxx High Street Kensington-Full Time
Permanent · London
HARRODS
Uniformed Security Officer - Thatcham Distribution Centre
Permanent · THATCHAM
HARRODS
Senior CRM Retention Executive
Permanent · LONDON
JOHN LEWIS
Section Manager Stock And Inventory – Nights
Permanent · BLETCHLEY
SELFRIDGES
HR Administrator (Part-Time)
Permanent · ENDERBY
SELFRIDGES
Digital Personal Shopping Content Manager
Permanent · LONDON
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · POOLE
EVERLAST GYMS
General Assistant - Everlast Gyms
Permanent ·
ZARA
Zara High Wycombe - General Manager
Permanent · HIGH WYCOMBE
HEAD OFFICE
Senior Finance Analyst, Commercial Finance
Permanent · BRACKNELL
JOHN LEWIS
Section Manager Stock And Inventory – Nights
Permanent · BLETCHLEY
HOUSE OF FRASER
Loss Prevention Supervisor - House of Fraser
Permanent · READING
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · CAMBRIDGE
BERSHKA
New Position - Bershka Operations Manager - Stratford
Permanent · LONDON
AVON
Internal Audit Manager Natura &CO
Permanent · LONDON
COTY
Trade Marketing Manager
Permanent · London
JOHN LEWIS
Section Manager Customer Delivery Hub
Permanent · LONDON
FLANNELS
Beauty Brand Manager – Pat Mcgrath Labs
Permanent · ROTHERHAM
CLAUDIE PIERLOT UK
Stock Contoller - Permanent - Selfirdges London
Permanent · LONDON
By
Reuters
Published
Dec 1, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Billabong gets about $150 million indicative takeover offer from Boardriders

By
Reuters
Published
Dec 1, 2017

Sports apparel seller Billabong International Ltd  confirmed on Friday it has received an indicative takeover proposal from Boardriders Inc, which values the company at about A$198 million ($150 million).


Australian Billabong could soon belong to US-based Boardriders, formerly known as Quiksilver. - Quiksilver



U.S.-based Boardriders, formerly known as Quiksilver, prices it offer at A$1 cash for each Billabong share, a 28.2 percent premium to Billabong’s Thursday’s closing price.

U.S. private equity firm Oaktree Capital Management LP holds 19 percent of the shares in Billabong and is one of Billabong’s two senior lenders. Funds managed by Oaktree also have a majority interest in Boardriders.

The offer is subject to a number of conditions, including due diligence to Boardriders’ satisfaction, securing committed financing and a unanimous recommendation from the Billabong board.

Billabong said its board had decided to grant due diligence access to Boardriders to enable it to put forward a formal proposal.

The company, whose brands include RVCA, Element, Von Zipper and Honolua Surf Company, has appointed Goldman Sachs as its financial advisor and Allens as its legal advisor. .

($1 = 1.3238 Australian dollars)
 

© Thomson Reuters 2023 All rights reserved.