{"id":52644,"date":"2018-03-28T17:40:48","date_gmt":"2018-03-29T00:40:48","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=52644"},"modified":"2018-03-28T19:56:44","modified_gmt":"2018-03-29T02:56:44","slug":"billabong-shareholders-agree-to-sell-out","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=52644","title":{"rendered":"Billabong Shareholders Agree To Sell Out"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/10\/Quikbong-logo-200x179.jpg\" class=\"wp-image-49080 alignright size-thumbnail\" width=\"200\" height=\"179\" alt=\"\" srcset=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/10\/Quikbong-logo-200x179.jpg 200w, http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/10\/Quikbong-logo-450x402.jpg 450w, http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/10\/Quikbong-logo.jpg 746w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/>It&#8217;s official, last night (March 27, 2018) 95.45 percent of <strong>Billabong&#8217;s<\/strong> shareholders voted to sell the company to <strong>Boardriders<\/strong> (the parent company of <strong>Quiksilver<\/strong>, <strong>DC Shoes<\/strong>, et. al.) for $1.05 a share according to a story in the <strong><em><a href=\"https:\/\/www.dailytelegraph.com.au\/business\/breaking-news\/billabong-shareholders-approve-takeover\/news-story\/cf47249a0dd8584511f5ff13cbfb5555\">Daily Telegraph<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>The successful offer represented a 35 per cent premium on Billabong&#8217;s closing price the day before Boardrider&#8217;s proposal was first announced in January. . .\u00a0Boardriders chief executive <strong>Dave Tanner<\/strong> said the deal offered the best value for shareholders, employees, vendors and customers. . .\u00a0&#8220;We are pleased to see that the Billabong shareholders recognised this value, and have approved the proposed acquisition,&#8221; Mr Tanner said. . .\u00a0&#8220;We have now cleared a significant milestone, and we are one step closer to creating the world&#8217;s leading action sports company.&#8221;<\/p>\n<\/blockquote>\n<p>So finally Billabong and Quiksilver are nestled together in the loving arms of <strong>Oak Tree Capital<\/strong>. What does this mean? Not a whole lot to anyone not financially involved in the deal.<\/p>\n<p><strong>[Link: <a href=\"https:\/\/www.dailytelegraph.com.au\/business\/breaking-news\/billabong-shareholders-approve-takeover\/news-story\/cf47249a0dd8584511f5ff13cbfb5555\">Daily Telegraph<\/a>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s official, last night (March 27, 2018) 95.45 percent of Billabong&#8217;s shareholders voted to sell the company to Boardriders (the parent company of Quiksilver, DC Shoes, et. al.) for $1.05 a share according to a story in the Daily Telegraph. The successful offer represented a 35 per cent premium on Billabong&#8217;s closing price the day [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,6,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/52644"}],"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=52644"}],"version-history":[{"count":2,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/52644\/revisions"}],"predecessor-version":[{"id":52646,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/52644\/revisions\/52646"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52644"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}