A-League Refs To Be Mic'd For TV Survey: Man City Tops Global Salaries Sydney FC Angry About Heart Re-Branding NRL Warned Not To Leave Campbelltown IPL Players To Earn Up To $1.5M Kering Considers Buying Sports Brands Championship Clubs Make Progress On FFP Champions League Loss Costly For Barça IPL Too Short To Plan Business Model Bayern Willing To Share Cup TV Income
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/October 16, 2012/Finance
Investors Turn Up Heat Over Billabong's No-Sale
Published October 16, 2012
CAUSE FOR CONCERN: In N.Y., Gillian Tan noted on the WALL STREET JOURNAL's Deal Journal Australia blog that Citi analyst Craig Woolford has "offered a couple of answers" for why TPG or Billabong are not disclosing what led to the lack of a takeover. Woolford said, "The fact TPG spent six weeks looking at the business and felt proceeding with a takeover was not worthwhile is a concern." The broker believes TPG was unable to gain comfort over the visibility for future earnings due to the "underlying health of the Billabong brand or the sales decline in Europe" (WSJ, 10/15).