Craig White News
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Not even two competing bids for Billabong International Ltd. are enough to convince traders the Australian surfwear maker will be able to seal a deal.
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Billabong International Ltd.’s Chief Financial Officer Craig White left Australia’s largest surf-wear maker as the board considers a A$527 million ($553 million) takeover offer.
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Alumni of Bain & Co., the consulting firm formerly led by Mitt Romney, are squaring off in a A$527 million ($557 million) takeover battle for Billabong International Ltd., Australia’s largest surfwear maker.
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Billabong International Ltd., Australia’s largest surfwear maker, received a takeover offer from VF Corp., the maker of Lee jeans, and Altamont Capital Partners that matches a A$527 million ($556 million) bid from one of its directors.
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Japanese stock futures and Australian shares rose as U.S. economic growth was revised higher and American home sales climbed to a three-year high.
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General Electric Capital Corp., the financing unit of the world’s 10th-most-valuable publicly traded company, is appointing staff to its structured finance team in Asia, said Eric Lee, a Singapore-based spokesman.
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Billabong International Ltd., Australia’s largest surf-wear company, agreed to give a buyout group including Sycamore Partners LLC access to its financial data after reviewing their A$527 million ($548 million) offer.
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Jane Pierce spent nine years struggling alongside her husband, Todd, as he fought cancer in his sinus cavity. The treatments were working. Then, in July 2009, Todd died in a fiery car crash. He was 46. That was the beginning of a whole new battle for Jane Pierce, this time with Todd’s life insurance company, MetLife Inc.
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Billabong International Ltd. halted its shares from trade before a potential takeover announcement, after the Australian Financial Review reported that director Paul Naude offered A$1.10 a share for the company.
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Lehman Brothers Holdings Inc. wants to buy a 53 percent stake in Archstone held by Bank of America Corp. and Barclays Plc for $2.6 billion, even if a rival offer is higher, the bankrupt firm told a judge.
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