{"id":41269,"date":"2013-04-22T09:13:53","date_gmt":"2013-04-22T16:13:53","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=41269"},"modified":"2013-04-22T09:13:59","modified_gmt":"2013-04-22T16:13:59","slug":"billabong-close-to-a-decision","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=41269","title":{"rendered":"Billabong Close To A Decision"},"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-tm3.jpg\" height=\"124\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong Corp\" \/><\/a><strong><a href=\"http:\/\/www.billabong.com\/\" target=\"_blank\">Billabong<\/a><\/strong> has reportedly wrapped up their exclusive talks with <strong>Paul Naude<\/strong> and his <strong><a href=\"http:\/\/www.sycamorepartners.com\/\" target=\"_blank\">Sycamore Partners<\/a><\/strong> bakers and now it&#8217;s time for them to make a decision, according to a story in <strong><em><a href=\"http:\/\/www.theaustralian.com.au\/business\/companies\/billabong-wraps-up-talks-with-paul-naude-on-cut-price-takeover\/story-fn91v9q3-1226625440772\" target=\"_blank\">The Australian<\/a><\/em><\/strong>. They could make an announcement sometime today. But some analysts don&#8217;t like the deal at all.<\/p>\n<blockquote><p>Credit Suisse research analyst <strong>Grant Saligari<\/strong> has said the 60c offer is a weak one for shareholders, and he criticised Billabong&#8217;s decision to allow the Sycamore consortium to have exclusive access to its books after months of due diligence studies and without dropping any of the conditions attached to the proposal. . . The consortium has made its offer conditional on there being no material adverse change in the company&#8217;s performance, availability of funding and a minimum 15 per cent of Billabong shares being swapped for scrip in the new holding company.<\/p><\/blockquote>\n<p>Guess we&#8217;ll all know when we know.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.theaustralian.com.au\/business\/companies\/billabong-wraps-up-talks-with-paul-naude-on-cut-price-takeover\/story-fn91v9q3-1226625440772\" target=\"_blank\">The Australian<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billabong has reportedly wrapped up their exclusive talks with Paul Naude and his Sycamore Partners bakers and now it&#8217;s time for them to make a decision, according to a story in The Australian. They could make an announcement sometime today. But some analysts don&#8217;t like the deal at all. Credit Suisse research analyst Grant Saligari [&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\/41269"}],"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=41269"}],"version-history":[{"count":1,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/41269\/revisions"}],"predecessor-version":[{"id":41270,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/41269\/revisions\/41270"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41269"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}