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Billabong International Ltd Announces Withdrawal Of TPG; Issues FY 2013 EBITDA Guidance


Thursday, 11 Oct 2012 06:40pm EDT 

Billabong International Ltd announced that on July 24, 2012, the Company had received an indicative, non-binding and conditional proposal from TPG to acquire all of the shares in the Company for AUD 1.45 cash per share by way of a scheme of arrangement. On July 27, 2012, TPG would be granted the opportunity to conduct non-exclusive due diligence. The Company on October 12, 2012 announced that the unsolicited proposal from TPG has been withdrawn by TPG and discussions have ceased. It also announced that fiscal 2013 EBITDA is expected to be in the range of AUD 100 million to AUD 110 million in constant currency terms. 

Company Quote

0.685
-0.015 -2.14%
16 Sep 2014