Brazilian Football Clubs In Cash Crisis NRL Fans Give Thumbs Down To Grant AFL Considers Ticketing Shake-Up Lewis Hamilton In For Windfall Women's Sport A Casualty Of ABC Cuts America's Cup Headed To Bermuda In '17 FFA, A-League Owners Remain At Odds EU Urged To Investigate F1 Finances Rapid Vienna Reports Small Profit Atlético Madrid Trims Debt To Authorities
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/November 20, 2012/Finance
Billabong's U.S. Boss Hatches Buyout Plan For Striken Surfwear Retailer
Published November 20, 2012
ACTING ALONE: In Sydney, Glenda Kwek reported Billabong said that Naude was "acting independently and his decision was not solicited by its board, or by an agreement with a board member or a senior member of the management team." Financial services group Nomura retail analyst Nick Berry said, ‘‘Paul’s generally viewed quite favorably by the market, which makes this an interesting trade. If either a bid isn’t forthcoming or it gets knocked back it’s going to be very difficult for him to go back.’’ Stock broker BBY Ltd. Institutional Dealer Anson Rosewall said that while Naude’s bid was "something to pay attention to, it would be dependent on whether he can get financing." Rosewall: "At this point, we haven’t heard any details on pricing" (SYDNEY MORNING HERALD, 11/19).