{"id":41006,"date":"2013-04-09T09:28:14","date_gmt":"2013-04-09T16:28:14","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=41006"},"modified":"2013-04-09T09:33:56","modified_gmt":"2013-04-09T16:33:56","slug":"billabong-gets-exclusive-with-paul-naude","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=41006","title":{"rendered":"Billabong Gets Exclusive With Paul Naude"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2012\/12\/billabong_corp.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2012\/12\/billabong_corp.jpg','popup','width=97,height=121,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\/2013\/04\/billabong_corp-tm1.jpg\" height=\"124\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong Corp\" \/><\/a>What do you know. <strong><a href=\"http:\/\/www.billabong.com\/\" target=\"_blank\">Billabong<\/a><\/strong> has apparently gone into &#8220;exclusive discussions&#8221; for a 10-day period with <strong>Paul Naude<\/strong> and his big wallet backers (<strong><a href=\"http:\/\/www.sycamorepartners.com\" target=\"_blank\">Sycamore Partners<\/a><\/strong>) regarding a $299 million purchase of the Billabong brand, according to a story on <strong><a href=\"http:\/\/www.foxbusiness.com\/news\/2013\/04\/09\/billabong-mulls-takeover-bid-from-sycamore-consortium\/\" target=\"_blank\">Fox Business<\/a><\/strong>.<\/p>\n<blockquote><p>The cash offer values the company at about 287 million Australian dollars (US$299 million) excluding debt, confirming a report by <strong><em><a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887323550604578410072094558716.html\" target=\"_blank\">The Wall Street Journal<\/a><\/em><\/strong> on Monday. . . A separate consortium involving <strong><a href=\"http:\/\/www.vfc.com\/\" target=\"_blank\">VF Corp<\/a><\/strong>. (VFC), the owner of brands including <strong>The North Face<\/strong> and <strong>Timberland<\/strong>, and <strong>Altamont Capital Partners<\/strong> had earlier made an indicative offer to acquire Billabong but has now been frozen out of talks.<\/p><\/blockquote>\n<p>Of course the founders of Billabong (<strong>Gordon Merchant<\/strong>, et. al.) would want one of their lieutenants to buy the company back now that they&#8217;ve drained every drop of shareholder value out of the company. Doing a deal with VF Corp., while arguably being better for the brand&#8217;s future survival, would mean the old guard would all be out of the mix. And it seems the old guard is still at the wheel of Billabong&#8217;s ship.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.foxbusiness.com\/news\/2013\/04\/09\/billabong-mulls-takeover-bid-from-sycamore-consortium\/\" target=\"_blank\">Fox Business<\/a><\/strong><strong> and <\/strong><strong><a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887323550604578410072094558716.html\" target=\"_blank\">The Wall Street Journal<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What do you know. Billabong has apparently gone into &#8220;exclusive discussions&#8221; for a 10-day period with Paul Naude and his big wallet backers (Sycamore Partners) regarding a $299 million purchase of the Billabong brand, according to a story on Fox Business. The cash offer values the company at about 287 million Australian dollars (US$299 million) [&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\/41006"}],"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=41006"}],"version-history":[{"count":2,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/41006\/revisions"}],"predecessor-version":[{"id":41009,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/41006\/revisions\/41009"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41006"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}