Ocregister 17/12/2012
Billabong International Ltd., the action sports company in Gold Coast, Australia, received a takeover bid from Irvine-based director Paul Naude, backed by Sycamore Partners LLC, according to a report from the Australian Financial Review.
Naude and the New York-based private equity firm offered $1.10 Australian dollars a share, valuing the Australian company at AU$527 million ($555 million in U.S. dollars), the report said. The company’s shares are listed on the Australian Securities Exchange.