Gold Coast News
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Billabong International Ltd., the Australian surfwear company that’s breached debt payment terms, suspended its shares to pursue takeover talks after an exclusivity period with one potential bidder lapsed.
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Billabong International Ltd., Australia’s largest surfwear company, agreed to extend exclusive talks with a group led by a former director and Sycamore Partners Management for a A$287 million ($295 million) takeover for a further 10 days.
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Central Coast Mariners beat Western Sydney Wanderers 2-0 to win Australia’s A-League soccer championship for the first time, preventing their opponents from taking the title in their debut season.
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Echo Entertainment Group Ltd.’s two largest casinos will be put at risk if a resort that billionaire James Packer wants to build in Sydney and another in Australia’s Gold Coast go ahead, the company said.
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Australians endured a nervous wait before lauding a defining moment in the nation’s sporting history as Adam Scott secured the country’s first win at golf’s Masters Tournament.
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Billabong International Ltd., the surfwear maker whose founder last year said he wouldn’t sell for A$1 billion, fell to a record low in Sydney trading after entering talks on a A$287 million ($300 million) takeover.
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Billabong International Ltd., the surfwear maker whose founder last year said he wouldn’t sell for A$1 billion, fell to a record low in Sydney trading after entering talks on a A$287 million ($300 million) takeover.
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Private equity bidders for Billabong International Ltd. are seeking to buy Australia’s largest surf- wear company for as little as 50 Australian cents a share, two people with knowledge of the matter said.
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Billabong International Ltd., Australia’s largest surf-wear company, halted its shares after receiving takeover bids that the Australian Financial Review reported were below initial A$527 million ($551 million) offers.
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The Australian city of Gold Coast will host the 2018 Commonwealth Games in a win that could boost the economy by A$2 billion ($2.1 billion), according to the Queensland state government.
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