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


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 Friday, 1 Dec 2017 at 11:40am


skull's picture
skull's picture
skull 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 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 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.

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

IRONIC rather than ICONIC