{"id":41128,"date":"2013-04-15T11:54:20","date_gmt":"2013-04-15T18:54:20","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=41128"},"modified":"2013-04-15T11:58:45","modified_gmt":"2013-04-15T18:58:45","slug":"gordon-merchant-could-lose-960-million","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=41128","title":{"rendered":"Gordon Merchant Could Lose $960 Million"},"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-tm2.jpg\" height=\"124\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong Corp\" \/><\/a>If the <strong>Paul Naude<\/strong> driven <strong><a href=\"http:\/\/www.sycamorepartners.com\/\" target=\"_blank\">Sycamore Partners <\/a><\/strong>deal for Billabong goes through company founder <strong>Gordon Merchant<\/strong> would lose about $960 million in value, according to a story on <strong><a href=\"http:\/\/www.goldcoast.com.au\/article\/2013\/04\/10\/450082_gold-coast-business.html\" target=\"_blank\">Goldcoast.com.au<\/a><\/strong>.<\/p>\n<blockquote><p>At the company&#8217;s peak in 2007, his shareholding was worth close to $1 billion but, based on the 60 a share offer, he will have $960 million wiped from his 15 per cent stake, now worth about $40 million. . . The deal may save the beleaguered retailer from annihilation but it&#8217;s a massive plunge from the $4 billion the company was once worth in 2007, when its shares touched $18.51. . . It will now be up to shareholders to decide whether they want to end their years of takeover fatigue, accept the offer and get out while they can.<\/p><\/blockquote>\n<p>Hey, but on the upside that $960 million loss is really only on paper. . .<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.goldcoast.com.au\/article\/2013\/04\/10\/450082_gold-coast-business.html\" target=\"_blank\">Goldcoast.com.au<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If the Paul Naude driven Sycamore Partners deal for Billabong goes through company founder Gordon Merchant would lose about $960 million in value, according to a story on Goldcoast.com.au. At the company&#8217;s peak in 2007, his shareholding was worth close to $1 billion but, based on the 60 a share offer, he will have $960 [&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\/41128"}],"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=41128"}],"version-history":[{"count":2,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/41128\/revisions"}],"predecessor-version":[{"id":41132,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/41128\/revisions\/41132"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41128"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}