February 16, 2012

Billabong Being Sold?

Is Billabong about to be sold? The Business Spectator is reporting this morning the private equity firm TPG has made a $3 a share bid (nearly a 70% premium on the current price) for the company which values it at $766 million. The company has $600 million in debt and has seen its share price drop 78% in the last 12 months due to previously discussed issues. Hit this link for more info.

by POP Magazine