Billabong International halted trading in its shares on March 21 after a 14.2 percent drop in the share price to 69.5 Australian cents. The two bidders, VF Corp. and Altamont Capital Partners, have both made an indicative offer to buy all the shares at a price of A$1.10, making it conditional on the results of the ongoing due diligence process, which was still due to be completed today. No new announcement has come from the company before going to press.

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