{"id":31509,"date":"2012-07-23T14:36:03","date_gmt":"2012-07-23T21:36:03","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=31509"},"modified":"2012-07-23T14:41:58","modified_gmt":"2012-07-23T21:41:58","slug":"tpg-offers-1-45-a-share-for-billabong","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=31509","title":{"rendered":"TPG Offers $1.45 A Share For Billabong"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/12\/billabong_logo-1.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/12\/billabong_logo-1.jpg','popup','width=210,height=35,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2012\/07\/billabong_logo-1-tm1.jpg\" height=\"33\" width=\"200\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong Logo-1\" \/><\/a><strong><a href=\"http:\/\/www.tpg.com\/\" target=\"_blank\">TPG<\/a><\/strong>, the monster sized private equity firm (not to be confused with <strong><a href=\"http:\/\/www.trilanticpartners.com\/\" target=\"_blank\">TCP<\/a><\/strong> the company that bought nearly half of Nixon), has made another offer for <strong><a href=\"http:\/\/www.bilalbong.com\/\" target=\"_blank\">Billabong<\/a><\/strong> according to a story in the <strong><em><a href=\"http:\/\/afr.com\/p\/business\/companies\/tpg_takes_second_tilt_at_billabong_mRJawzEqbvMAjatIAG7YrM\" target=\"_blank\">Australian Financial Review<\/a><\/em><\/strong>. Only this time it&#8217;s much lower than it was in February according to the <strong><em><a href=\"http:\/\/www.businessspectator.com.au\/bs.nsf\/Article\/TPG-launches-renewed-much-lower-Billabong-bid-pd20120723-WGPPK?opendocument&amp;src=rss\" target=\"_blank\">Business Spectator<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>In February, TPG offered $3.30 a share for Billabong, valuing the company at $850 million. This week&#8217;s offer of $1.45 a share comes at a 32 per cent premium to Billabong&#8217;s last traded price of $1.10, but illustrates the company&#8217;s struggles since the February offer, which has seen it issue another profit downgrade and launch a heavily discounted capital raising.<\/p><\/blockquote>\n<p>We&#8217;re guessing <strong>Mr. Merchant<\/strong> (and the board) will be a little more receptive to the offer this time around (seeing how things have been going recently).<br \/>\n<strong>[Link: <\/strong> <strong><a href=\"http:\/\/www.businessspectator.com.au\/bs.nsf\/Article\/TPG-launches-renewed-much-lower-Billabong-bid-pd20120723-WGPPK?opendocument&amp;src=rss\" target=\"_blank\">Business Spectator<\/a><\/strong> and <strong><a href=\"http:\/\/afr.com\/p\/business\/companies\/tpg_takes_second_tilt_at_billabong_mRJawzEqbvMAjatIAG7YrM\" target=\"_blank\">Australian Financial Review<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TPG, the monster sized private equity firm (not to be confused with TCP the company that bought nearly half of Nixon), has made another offer for Billabong according to a story in the Australian Financial Review. Only this time it&#8217;s much lower than it was in February according to the Business Spectator. In February, TPG [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/31509"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31509"}],"version-history":[{"count":4,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/31509\/revisions"}],"predecessor-version":[{"id":31513,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/31509\/revisions\/31513"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31509"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}