Billabong finds TPG’s new offer insufficient

2012-07-30T00:00:00

Texas Pacific Group (TPG) has offered to pay 1.45 Australian dollars per share, or a total of A$694.5 million (€588.9m-$712.9m), for Billabong International. The offered price is 32 percent higher than the value of Billabong's shares prior to the announcement last July 24 of TPG's new proposal, but lower than ...

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