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TPG withdraws offer from Billabong
Billabong’s only remaining bidder TPG has now withdrawn its offer to buy all of the company’s shares.
Unknown party bids on Billabong
In less than six weeks of receiving an offer from TPG International for $1.45 cash per share, surfwear retailer Billabong has received another proposal from an unnamed bidder for a takeover.
New plans for Billabong
Billabong has announced its transformation strategy, which is expected to provide a clear pathway to unlocking the inherent value within the Billabong Group.
Billabong US reports strong trading
As Billabong continues to swim in deep waters after reporting an earnings slump in its half year results, rejecting TPG's offer to buy half of its assets and the decision to close stores, its US operation continues to remain strong.
Billabong gears up for profitable year
The company has reported that total sales for the September quarter were up 24.7 per cent over the same period in the prior year.
Weak summer doesn't defeat Billabong
The company reported $834.9 million in group sales revenue, which was up 15.8 per cent in Australian dollar terms compared to the prior corresponding year.
Rough surf for Billabong
The company now anticipates first-half NPAT will be 8 to 13 per cent lower than the prior year in constant currency terms.
Billabong acquires surf store
The company has acquired 38 retail stores from the General Pants Group and associated parties.
Billabong expands with SDS
Expected to be completed on 1 November 2010, the acquisition comprises of 38 SDS and Jetty Surf retail banners, along with two licensed Billabong stores.
