Billabong board pressured on rival deal

Altamont's deal may no longer be a lock as shareholders agitate the board to reconsider the Oaktree and Centerbridge $325 million proposal.

Billabong’s board may be giving more consideration to private equity players Oaktree and Centerbridge’s $325 million debt and equity financing deal as fund managers apply pressure to the board saying that Altamont Capital’s counter proposal is too expensive and denies them an option to profit from any recovery in the stock.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles