While we were all awaiting news of the pending Billabong takeover by Paul Naude today (May 9, 2013), the company has requested that their trading halt continue even longer. Here’s what Billabong said in their release:
The securities of Billabong International Limited (the “Company”) will be suspended from quotation immediately, at the request of the Company, pending an announcement with regard to possible transactions affecting the Company, including in connection with the bid process announced on 14 January 2013.
In other words, they’ll let us know when they want to let us know. Until then, there’s no getting out. Oh, and it also looks like VF Corp is back in the buyout mix (Wall Street Jounrnal link via Tiffany) now that Naude’s “exclusivity” period has ended. Wonder how much more time they will need?
