Billabong International

Billabong International’s share price has jumped 12% today following news that US-listed VF Corporation and Altamont Capital Partners have made a conditional bid for the company. At $1.10 per share it matches the standing offer from Paul Naude, Sycamore Partners Management and Bank of America Merrill Lynch. VF Corp looks like a natural owner for the Billabong brand, already owning similar brands such as The North Face, Wrangler, Timberland, Vans and Lee. VF Corp is only interested in acquiring the ‘Billabong’ brand, with Altamont Capital interested in the others. This is welcome news for the beleaguered surfwear retailer, and...

Billabong International’s share price has jumped 12% today following news that US-listed VF Corporation and Altamont Capital Partners have made a conditional bid for the company. At $1.10 per share it matches the standing offer from Paul Naude, Sycamore Partners Management and Bank of America Merrill Lynch.

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