On January 30, 2014 the shareholders of Billabong will vote on a proposal to issue 329 million shares at 41c apiece to Centerbridge Partners and Oaktree Capital Management, according to a story in The Australian. But not everyone is happy about this plan.
AN independent expert has declared a proposal to issue up to $185 million in Billabong shares to a pair of US private equity funds is unfair to existing shareholders.
To know what’s truly “unfair” you’d have to weigh dilution against dissolution.
[Link: The Australian]
