Billabong slims down ahead of a possible sale

2012-02-16T00:00:00

Confirming a report that it received a non-binding takeover offer from Texas Pacific Group a few days ago, Billabong International's management announced today the partial sale of its brand of sports watches, Nixon, to another equity fund, Trilantic Capital Partners, generating net proceeds of US$285 million. It also announced a ...

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