Billabong rejects hedge funds' bid

Group confirms receipt of rival bid, says it was too late and 'unacceptable'.

The ongoing saga over the ownership of Billabong International Ltd appears to be moving to a close, with the embattled surfwear manufacturer officially rejecting a rival bid from its financiers.

Earlier this week, Billabong entered into a deal with Altamont Capital Partners that will allow it to repay its existing debt facilities immediately (see Roger Montgomery's Billabong poised for a turnaround).


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

If you didn't receive SMS code please

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

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles