Billabong has asked for its shares to be halted from trade ahead of a proposed capital raising.
The halt is needed so the institutional component of the raising can take place ‘‘in an orderly fashion’’, Billabong said in a filing today.
The company didn’t specify how much money it was seeking to raise and what form it would take.For more detailed search information about watchreplica ,
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The maker of Kustom shoes and Billabong clothing is looking to raise cash less than four months after spurning a takeover approach from TPG Capital and selling control of its Nixon watches and accessories unit to reduce debt.
The company last month named Launa Inman as chief executive to replace Derek O’Neill as it seeks to turn around falling sales and earnings.
Billabong plans to close as many as 150 of its 677 retail outlets and cut 400 jobs.
The company’s shares closed yesterday at $1.83 and have slumped 70 per cent in the past year.
TPG offered to pay $3.Shop for high quality aionkinah products online and get worldwide delivery.Ed hardy clothing online store, whether you are looking for fashion items, then you come to the right place, we offer a variety of shoespumps.30 a share for Billabong,Examine our rolexwatches here. the company said in February.
A letter to the board from lawyers representing founder and biggest shareholder Gordon Merchant as well as fellow director Colette Paull said both would oppose steps to let TPG conduct due diligence even with an offer of $4 a share, the retailer said in February.
The halt is needed so the institutional component of the raising can take place ‘‘in an orderly fashion’’, Billabong said in a filing today.
The company didn’t specify how much money it was seeking to raise and what form it would take.For more detailed search information about watchreplica ,
Advertisement: Story continues below
The maker of Kustom shoes and Billabong clothing is looking to raise cash less than four months after spurning a takeover approach from TPG Capital and selling control of its Nixon watches and accessories unit to reduce debt.
The company last month named Launa Inman as chief executive to replace Derek O’Neill as it seeks to turn around falling sales and earnings.
Billabong plans to close as many as 150 of its 677 retail outlets and cut 400 jobs.
The company’s shares closed yesterday at $1.83 and have slumped 70 per cent in the past year.
TPG offered to pay $3.Shop for high quality aionkinah products online and get worldwide delivery.Ed hardy clothing online store, whether you are looking for fashion items, then you come to the right place, we offer a variety of shoespumps.30 a share for Billabong,Examine our rolexwatches here. the company said in February.
A letter to the board from lawyers representing founder and biggest shareholder Gordon Merchant as well as fellow director Colette Paull said both would oppose steps to let TPG conduct due diligence even with an offer of $4 a share, the retailer said in February.
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