Billabong Indefinitely Stops Trading To Mull Buyout Bids

Law360, New York (April 4, 2013, 3:48 PM EDT) -- Struggling retailer Billabong International Ltd. on Thursday indefinitely extended a trading halt for its shares as it continues to wade through a pair of private equity-backed buyout bids believed to be well below the $551 million that had been initially offered.

Billabong's announcement comes two days after it first suspended trading on the Australian Stock Exchange, a move meant to give it more time to continue negotiations with its suitors — company executive Paul Naude and Sycamore Partners on one side, brand holding company VF Corp....
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