Ecclestone, HMRC At Odds Over Tax Bill UEFA President Platini: FFP 'Here To Stay' Nine Keen To Go Head-To-Head With AFL Crystal Palace Takeover Talks Break Down Pay Increase For Australian Female Cricketers Melbourne To Host College Football Clash NRL Heading Toward Revolt On-Track Success Key For Ferrari IPO EPL Dominates List Of Best-Paid Teams NRL Clubs Called To Secret Meeting
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).