SYDNEY — Billabong International Ltd has confirmed that TPG Capital is still in talks to acquire the company following speculation that a proposed $695 million Australian buyout offer ($711 million at current exchange) was about to be withdrawn.
According to a statement released to the Australian Securities Exchange late Thursday, several hours after Billabong issued a trading halt, “Billabong advises that TPG has confirmed that it has not withdrawn from the sale process. As part of its due diligence investigations, TPG and its advisers have expressed concerns in relation to some issues, however discussions in relation to those matters are continuing.
"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)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)