Second Billabong Buyer Withdraws
Posted by Admin |September 22, 2012
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Second Billabong Buyer Withdraws
With one rumoured unsuccessful takeover bid on the table Billabong has been dealt another blow with the second private equity firm looking to make a takeover bid for Billabong withdrawing its bid. This departure from the negotiation by a second company undeniably puts pressure on the brand's retailer's shares.
Billabong has been attracting attention from buyout groups following a 38 per cent fall in its share price in the past year as it cut earnings and sold new stock to reduce debt.
The surf wear company announced on September 6 it had received a second takeover offer from an unspecified private equity firm rumoured to be Bain Capital, just weeks after another private equity firm, TPG made an offer. Both proposals valued Billabong at $694.5 million, or $1.45 per share.
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"Billabong is an Australian English word meaning a small lake."
- Wikipedia
Ray Elliot Jack & Jones 618 Jeans
Posted by Admin |September 22, 2012
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Ray Elliot Jack & Jones 618 Jeans
* 5 pocket style
* 4 Button Fly
* Extra pocket detail on right thigh
* Breaks in selected places
* Dirt effect look
The team over at Jack & Jones have done it again with their vintage style 5 pocket design Jeans. The Jeans retail for around $100 AU and $120NZ.
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"I wear black skinny-fit jeans - I can't get away from them. It's funny because I wore baggy jeans for ages, then one day my friend convinced me to try on a skinny pair and I thought they were great."
- Shawn White
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