Billabong receives take over proposal from Boardriders Inc

sneakerset's picture
sneakerset started the topic in Friday, 1 Dec 2017 at 9:54am

Quiksilver changed its corporate name to Boardriders back in March 2017. Interestingly the financial backers / shareholders of both Billabong and Boardriders are Private Equity Group Oaktree Capital Management (who recapitalised Quiksilver out of Chapter 11 bankruptcy in 2016. Does this mean we can eventually expect a merger of the brands to a new hybrid mega brand?

" Quikbong" anyone??!!

ASX Announcement 1 December 2018

INDICATIVE AND NON-BINDING PROPOSAL RECEIVED FROM
BOARDRIDERS, INC.

GOLD COAST, 1 December 2017: Billabong International Limited (Billabong) (ASX:
BBG) confirms that it has received a confidential, indicative and non-binding proposal
from Boardriders, Inc. (Boardriders) to acquire all of the shares in Billabong, other than
those already owned by Boardriders' related entities, at a price of $1.00 cash per share, via
a scheme of arrangement (the Indicative Proposal). Funds managed by Oaktree Capital
Management, L.P.(Oaktree) have a majority interest in Boardriders. Oaktree, through
controlled entities, already holds 19% of the shares in Billabong and is one of Billabong's
two senior lenders.

udo's picture
udo's picture
udo commented Friday, 1 Dec 2017 at 11:40am

.

skull's picture
skull's picture
skull commented Monday, 11 Dec 2017 at 2:13pm

On matters of Billabong they just released Iggy Pop board shorts. WTF? Well at least they didn't try to do an Iggy Pop t shirt line

Blowin's picture
Blowin's picture
Blowin commented Monday, 11 Dec 2017 at 3:41pm

I think they did.

Just as " iconic " as the boardies .

I suppose that thousands of crew walked around in Ramones shirts due to their social cache despite thinking they were a Ukrainian basketball team.

What's the difference ?

It'll be clueless yet well intentioned mums filling up space under the Chrissy tree that buys them .

simba's picture
simba's picture
simba commented Monday, 11 Dec 2017 at 5:21pm

yeah i hope they do matching shirts and boardies........not.......little johnny running around in his iggy pop design cloths ...if only they knew.

simba

skull's picture
skull's picture
skull commented Monday, 11 Dec 2017 at 6:48pm

Thanks yeah. Just noticed the Iggy Pop t-shirts.....BUT Iggy Pop doesn't wear T Shirts

skull's picture
skull's picture
skull commented Tuesday, 12 Dec 2017 at 7:33pm

IRONIC rather than ICONIC