JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings.

If you have trouble accessing our login form below, you can go to our login page.

If you have trouble accessing our login form below, you can go to our login page.

Billabong shares soar on talk of $1.10 offer

Date

Shares in Australian surfwear company Billabong International have been put into a trading halt after they jumped to a two-month high following a media report that an independent director had made a takeover offer for the company.

Billabong did not return a call seeking comment.

The shares rose as much as 8.6 per cent to $1.015 after the Fairfax Media report that director Paul Naude had offered $1.10 per share for the company.

Mr Naude stood aside from his role as Billabong's president of the Americas last month for six weeks, to look at putting together a buyout proposal.

Reuters

Related Coverage





Featured advertisers

Special offers

Credit card, savings and loan rates by Mozo

Executive Style