Good lord, it’s finally happening. Today, December 1, 2017 Boardriders Inc. has made an offer to acquire all of the shares in Billabong at a price of $1 cash per share.
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.
The idea has been batting around since October 14, 2015 and it looks like the timing is finally right. This still has to pass a unanimous recommendation from the Billabong Board (among other things) but really, what other option do they have? For the official press release from Billabong, please follow the jump.
A lot of good things have come up out of Jackson Hole, Wyoming. Tim Sandlin novels, Asymbol Gallery art, TRice movies, and yeah, Franco Snowshapes — the hand crafted snowboards made by Mikey Franco. Click the white arrow for the rest of the story.
Former Transworld Snowboarding Managing Editor, Dew Tour Content Director and all-around amazing human Gerhard Gross and his family could use a little help from the action sports community right now. Here’s the story:
Last Christmas, Gerhard was given 12 months to live with stage 4 stomach cancer — a devastating diagnosis only 4% of people survive. Determined that that 4% would be him, he made immediate changes to his diet, started meditation, yoga, and practiced every holistic treatment he could in addition to chemotherapy.
Thankfully, Gerhard is still with us. But as is the case so often with Cancer, there have been many ups and downs for Gerhard, his wife Kristen, and their 18-month-old baby boy Gerhard IV. To help the family get through these rough times a little more easily, friends have started a GoFundMe page. Click here to do what you can, or follow the jump for the whole story.
In these times you never know when you’ll need to spend the night in a snowdrift. And 686 has a jacket that could very well help you make it through the night. 686 founder Michael Akira West explains exactly what the Gore-Tex Smartie 3-in-1 Weapon jacket is all about. For the details, follow the jump.
Here’s the first chair proof. And by the size of that Mammoth line, we’re guessing these four had to camp out to get it. From other photos we’ve seen, coverage is a little thin. But there are a few “features” in the park so what more do we really need?
Tickets are going on sale 10 AM EST on November 15, 2017 for Minus Zero winter sport and music festival April 6, 7 & 8, 2018, at Mount Snow, Vermont
Last year, a sold-out crowd of thousands hit the slopes and partied at MINUS ZERO, which featured over three stages of music featuring over 50 top international and emerging electronic music acts including Bassnectar, Zeds Dead, GRiZ, Illenium and Claptone, snowboarding with a Rail Jam & Jump competition and a demo from some of the top pro-boarders including Carinthia Team athletes Nate Haust and Jeremy Ellenberg.
Stop us if we’d said this before, but we’d put Boa on all our shoes just to get rid of bulky, unsightly laces. That’s part of the reason why Vans’ new Verse snowboard boots look so good.
Offering extensive technical range and precision across two different lacing zones, the Verse is formulated with the Boa® Custom Focus Plus system, allowing for double optimization in and around the boot. Paired with Vans’ adjustable Custom Slide-Guide, the Verse provides maximum heel-hold and a more personalized, comfortable fit. The Verse lacing system is also protected by a waterproof zip-up shroud to seal the lower portion of the boot from the elements, keeping your feet dry during long days on snow. Complete with heat-moldable Custom Liners and UltraCush V3 footbeds, this versatile all-mountain snowboard boot features Vans’ new lightweight and responsive Ultimate Waffle outsole that offers first-rate heel dampening and asymmetrical arch support.
Sounds like a good pair of boots. For the rest of the features (and photos), please follow the jump.
Gnu and Airblaster have teamed up to create a vibrant collection that includes men’s and women’s ninja suit baselayers, waterproof/breathable Freedom Suits, a Ninja Mask, winter parkas, waterproof sweatpants and a Gnu Snowboard. What else do you really need this winter? For all the details, click the link.
Burton just launched their new 2018 Team USA Snowboarding uniforms inspired by NASA. Jake Burton, not always the biggest fan of snowboard team uniforms,has been very honored to outfit the team for the last four Olympics. Here is his explanation.
“The sport of snowboarding is neither nationalistic nor team-oriented in nature; however, all of that changes for a minute every four years during the Olympic Games,” said Jake Burton, Founder and Chairman of Burton Snowboards. “If the global expectations are that U.S. snowboarders represent their country in a uniform, then Burton wants to design and manufacture it. By doing so, we assure U.S. riders that they will have outerwear they can trust to perform at the highest level with a look they have input into and ultimately respect. Simply put, they want snowboarding outerwear, not athletic wear, and who better than Burton to provide it.”
If someone is going to do it, it might as well be Burton. And here’s what Greg Dacyshyn has come up with for 2018.
Inspired by the rich history of the American space program, the 2018 U.S. Snowboard Team uniform is both innovative in function and retro-futuristic in design. On the futuristic side, both the competition jacket and pant have a liquid metal look, thanks to an exclusive iridescent silver fabric coated in very fine, real aluminum. Burton custom developed the fabric solely for the 2018 uniform by infusing an extremely lightweight aluminum-coated fabric typically used for audio equipment with highly technical properties ideal for snowboarding in any weather condition. The end result is a super technical, lightweight and waterproof fabric that reflects and deflects light as well as sound. Next, to pay homage to the spirit of the American space program, the competition jacket also features hand-drawn patches depicting the American flag and ‘USA’ in space-age font. Even the inside of the jacket is highly detailed, with artwork sewn to the lining that includes Korean translations of helpful lighthearted phrases like ‘Do you speak English?’ and ‘Wish me luck!’.
We like ’em. Just wish they came with a full mirrored isolation helmet so we wouldn’t have to talk to people on the lift. Do they? For the official word from Burton, please follow the jump.
Good lord, it’s finally happening. Today, December 1, 2017 Boardriders Inc. has made an offer to acquire all of the shares in Billabong at a price of $1 cash per share. 
