January 4, 2018 / 11:35 PM / in 6 months

BRIEF-Billabong International Says Boardriders To Buy All Remaining Shares In Co

Jan 5 (Reuters) - Billabong International Ltd:

* ENTERED SCHEME IMPLEMENTATION DEED WITH BOARDRIDERS, INC; BOARDRIDERS TO BUY ALL OF SHARES IN BILLABONG​

* ‍SCHEME CONSIDERATION OF A$1.00 PER SHARE REPRESENTS AN IMPLIED ENTERPRISE VALUE OF A$380 MILLION​

* CO CONFIRMS THAT IT EXPECTS GROUP’S FY18 EBITDA TO BE IN A RANGE BETWEEN LAST YEAR’S EBITDA OF $51.1 MILLION AND $54 MILLION

* BILLABONG DIRECTORS UNANIMOUSLY RECOMMEND SCHEME

* OAKTREE’S SHARES WILL NOT BE ACQUIRED UNDER SCHEME Source text for Eikon: Further company coverage:

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