{"id":38948,"date":"2012-12-17T10:09:10","date_gmt":"2012-12-17T18:09:10","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=38948"},"modified":"2012-12-17T10:16:36","modified_gmt":"2012-12-17T18:16:36","slug":"billabong-stock-halted-on-naude-rumors","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=38948","title":{"rendered":"Billabong Stock Halted On Naude Rumors"},"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\/12\/billabong_logo-1-tm.jpg\" height=\"33\" width=\"200\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong Logo-1\" \/><\/a>Thanks to all kinds of rumors surrounding a possible $1.10 a share buy-out by <strong><a href=\"http:\/\/www.billabong.com\/\" target=\"_blank\">Billabong<\/a><\/strong> America&#8217;s president <strong>Paul Naude<\/strong>, trading in the company&#8217;s stock has once again been halted, according to a story in the <strong><em><a href=\"http:\/\/www.heraldsun.com.au\/business\/more-takeover-intrigue-for-billabong-as-shares-in-trading-halt\/story-fn7j19iv-1226538672909\" target=\"_blank\">Hearld Sun<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>Mr Naude, who stepped aside from the role last month to investigate a management buyout, is believed to have lined up US-based private equity group <strong><a href=\"http:\/\/www.sycamorepartners.com\/\" target=\"_blank\">Sycamore Partners<\/a><\/strong> to help fund the deal. . . According to market speculation, the offer was put to Billabong chairman <strong>Ian Pollard<\/strong> late on Friday. . . It would value the company at $526.8 million. . . The group&#8217;s shares jumped to a two-month high of $1.01 yesterday as opportunity-hungry investors leapt on early speculation of a deal shortly after 11am.<\/p><\/blockquote>\n<p>The halt on trading was requested by the company &#8220;until tomorrow, pending an announcement.&#8221; Well, Parko won the world title, so guess that means the deal has to go through.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.heraldsun.com.au\/business\/more-takeover-intrigue-for-billabong-as-shares-in-trading-halt\/story-fn7j19iv-1226538672909\" target=\"_blank\">Herald Sun<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thanks to all kinds of rumors surrounding a possible $1.10 a share buy-out by Billabong America&#8217;s president Paul Naude, trading in the company&#8217;s stock has once again been halted, according to a story in the Hearld Sun. Mr Naude, who stepped aside from the role last month to investigate a management buyout, is believed to [&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\/38948"}],"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=38948"}],"version-history":[{"count":2,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/38948\/revisions"}],"predecessor-version":[{"id":38951,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/38948\/revisions\/38951"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38948"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}