Billabong says buyout talks continue, despite share slump
Embattled Australian surfwear manufacturer Billabong International has said that talks continue with two prospective buyers, seeking to reassure the market after the company’s stock price plunged to a record low on Thursday.
Billabong suspended trading while it investigated the more than 20% drop in its share price, then announced that both consortia that have submitted indicative proposals remain in the process. As of early...
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