Billabong International

The Paul Naude/Sycamore consortium has made a non-binding offer to acquire Billabong International for 60 cents per share, nearly half the $1.10 mooted in January and 45% below our recommendation price from Sun rises on Billabong wipeout from 09 Jul 12 (Speculative Buy – $1.09). In addition to the cash offer, shareholders can potentially maintain their stake in the company once it delists provided acceptances don’t exceed 24.9% of the company’s shares. While this option might not be very popular amongst individual investors, key shareholders Gordon Merchant and Colette Paull have accepted it. More details on this option are...

The Paul Naude/Sycamore consortium has made a non-binding offer to acquire Billabong International for 60 cents per share, nearly half the $1.10 mooted in January and 45% below our recommendation price from Sun rises on Billabong wipeout from 09 Jul 12 (Speculative Buy – $1.09).

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have 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 complete your SMS verification

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 proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

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