American company wants to buy Billabong
Billabong International has been offered $712 million to be owned by TPG Capital. The Australian surf brand said the offer was indicative, non-binding and conditional and the offer price may be refined after the buyout firm has seen Billabong’s books. The private equity firm TPG Capital is offering A$1.45 per share, which is a 32 […]
Billabong International has been offered $712 million to be owned by TPG Capital. The Australian surf brand said the offer was indicative, non-binding and conditional and the offer price may be refined after the buyout firm has seen Billabong’s books. The private equity firm TPG Capital is offering A$1.45 per share, which is a 32 percent premium to the last closing price of A$1.10. TPG Capital had already made a takeover bid for the surfwear company, five months ago. At that time, the offer reached $904 million.
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American company wants to buy Billabong
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