ASA calls for Billabong delay over Oaktree, Centerbridge deal
The Australian Shareholders Association (ASA) has called on Australian surf wear company Billabong International to delay a shareholder vote on a decision that could give PE creditors Oaktree Capital Management and Centerbridge Partners as much as 40.8% of the firm.
According to The Australian, the shareholder group said it was concerned that "control of an iconic Australian company is changing hands cheaply without shareholders being given up-to-date financial information."...
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