By  on September 8, 2015

Shares of Huntington Beach, Calif.-based Quiksilver Inc. plunged nearly 67 percent in after-hours trading amid a report that the company could file for Chapter 11 bankruptcy as soon as tonight.

Rumors have been swirling that the action sports apparel company and retailer had been shopping for a buyer and more recent reports said the firm had shed about 80 positions from its headquarters this month.

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