Preview - Please log in to view full article.

Article Date: January 2018
Word Count: 189

Boardriders to Take Over Billabong

The deal values Billabong at A$197.7 million ($155 mm) at A$1 per share and represents a 28% premium over the recent trading price. While Boardriders has been recovering in a somewhat better action sports market, Billabong still struggled. It lost A$77.1 million last year and was still carrying $177.1 million in debt from its 2013 rescue by Oaktree Capital and Centrebridge. Oaktree owned about 19% of Billabong as well and made the offer through the former Quiksilver, in which it holds an 85% stake. The merger had been rumored for some time.


The combination will create ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.