SYDNEY — Billabong International Ltd. could be close to announcing its board has accepted a 60 Australian cent per share offer, or $0.62 at current exchange, from a consortium led by its former head of the Americas division Paul Naudé, valuing the company at 285 million Australian dollars, or $296 million.
The deal, which is said to be worth more than 600 million Australian dollars, or $622 million, including debt and deferred consideration, was the higher of two bids on the table, with the Altamont/VF Corp. consortium’s offer of 50 cents ($0.52) valuing the company at 249 million Australian dollars, or $258 million, according to a report in Monday’s The Australian Financial Review.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)