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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"