Billabong receives take over proposal from Boardriders Inc
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On matters of Billabong they just released Iggy Pop board shorts. WTF? Well at least they didn't try to do an Iggy Pop t shirt line
I think they did.
Just as " iconic " as the boardies .
I suppose that thousands of crew walked around in Ramones shirts due to their social cache despite thinking they were a Ukrainian basketball team.
What's the difference ?
It'll be clueless yet well intentioned mums filling up space under the Chrissy tree that buys them .
yeah i hope they do matching shirts and boardies........not.......little johnny running around in his iggy pop design cloths ...if only they knew.
Thanks yeah. Just noticed the Iggy Pop t-shirts.....BUT Iggy Pop doesn't wear T Shirts
IRONIC rather than ICONIC
Quiksilver changed its corporate name to Boardriders back in March 2017. Interestingly the financial backers / shareholders of both Billabong and Boardriders are Private Equity Group Oaktree Capital Management (who recapitalised Quiksilver out of Chapter 11 bankruptcy in 2016. Does this mean we can eventually expect a merger of the brands to a new hybrid mega brand?
" Quikbong" anyone??!!
ASX Announcement 1 December 2018
INDICATIVE AND NON-BINDING PROPOSAL RECEIVED FROM
BOARDRIDERS, INC.
GOLD COAST, 1 December 2017: Billabong International Limited (Billabong) (ASX:
BBG) confirms that it has received a confidential, indicative and non-binding proposal
from Boardriders, Inc. (Boardriders) to acquire all of the shares in Billabong, other than
those already owned by Boardriders' related entities, at a price of $1.00 cash per share, via
a scheme of arrangement (the Indicative Proposal). Funds managed by Oaktree Capital
Management, L.P.(Oaktree) have a majority interest in Boardriders. Oaktree, through
controlled entities, already holds 19% of the shares in Billabong and is one of Billabong's
two senior lenders.