Billabong has placed a “trading halt” on their stock while the action sports fashion world anxiously awaits news of former US Billabong President Paul Naude’s takeover or kickout.
In a statement Billabong said:
Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the commencement of normal trading on Thursday, 9 May 2013, or when the announcement is released to the market.
It won’t be long now. We’re guessing the takeover will roll right through the approval process.
